As an old analyst who has been in the cryptocurrency circle for many years, Lin Kun believes that more attention should be paid to social news and macroeconomic trends, rather than just focusing on technical indicators. Here are some reasons and suggestions:
1. Macro factors
Social news and macroeconomic events often have a significant impact on the cryptocurrency market. For example, changes in government policies, the introduction of industry regulations, and the release of economic data can all cause market fluctuations. Paying attention to these factors can help novices understand the general trend of the market.
2. Market sentiment
Social news can reflect market sentiment and public opinion on cryptocurrencies. For example, a positive news report may boost investor confidence, while a negative news report may cause market panic.
3. Long-term perspective
Novice investors should pay attention to factors that can affect the long-term value of cryptocurrencies, such as technological development, industry adoption rate, and market competition. Etc. This information often comes from social news and industry analysis, rather than pure technical indicators.
4. Risk management
Understanding social news and macroeconomic conditions can help novices better manage risks. For example, if a country is expected to strengthen its regulation of cryptocurrencies, investors may choose to temporarily exit the market to avoid potential losses.
However, this does not mean that technical indicators are completely worthless. Technical analysis can serve as a supplement to fundamental analysis to help investors identify short-term trading opportunities and technical trends in the market. The key is to find a balance, combining fundamental analysis and technical analysis while paying attention to social news and market dynamics to form a comprehensive investment strategy.
In short, it is very important for newcomers to the currency circle to understand the fundamentals of the market and pay attention to social news. This information can help them build an overall understanding of the market and make smarter investment decisions. At the same time, as experience accumulates, novices can gradually learn how to incorporate technical indicators into their analysis.
Some things need to be absorbed slowly by yourself, and you can't be too hasty. If you don't understand anything, you can talk to Lin Kun anytime, anywhere! #Meme浪潮持续，你看好哪一个？ #美国大选如何影响加密产业？ #BTC能否站稳6W6 $BTC $ETH $BNB
