Hello everyone, I am A-Gump, let me tell you about the current situation of the market.
#BTC The price of Bitcoin rebounded to a high of 100390 last night and then began to fall. The lowest point was around 5 am, and it reached 94150 and began to rebound. It rebounded to around 97000 and then fell again, reaching around 94800 and then began to rebound. It rebounded to around 98100 and then began to fall back. As of now, the price is around 96000
Judging from the current trend of Bitcoin, there is still strong support in the 94,000-95,000 range, which means that there are still many people who buy the dip here. Just pay attention to this position in the next few days. If it continues to go down, it may reach around 91,000.
#ETH The second cake also fell with the big cake last night, with the high point at 3950. It drew a gate last night and hit the lowest point twice. It began to rebound near 3500 and fell 450 points, a drop of about 10%. The second cake 3500 is also a strong support. If it falls back and does not break, you can still open a position. The spot continues to be optimistic in the medium and long term. Open a position at 3550-3600, add at 3250, and continue to add at 3000. The spot is very easy to operate, just buy and hold it
Next, let's talk about the situation of copycats. This wave of decline in copycats is mainly because the second cake failed to reach 4100, and the second cake began to adjust. Then most of the copycats accelerated their decline today. In fact, the core reason is that this wave has come up from the bottom and has not adjusted yet. Many people say that it has not risen much. In the short term, it has been a lot. Many have risen by 2-3 times, and the least have almost doubled. Only a few relatively poor ones have risen less. Overall, it is still okay.
In this wave of rise, the only popular coins that have not broken through their all-time highs are#ETHand #DOGE . The others have basically broken through or are close to
In fact, everyone should know that I have always believed that the market will adjust this month, and the monthly adjustment has not yet arrived. Binance Square Live has also been telling everyone that those who follow me or listen to the live broadcast should know
Personally, I feel that this wave of adjustment of the cottage is relatively normal. If it continues to rise without adjustment, the market will be more difficult to sustain and difficult to explode later. If it rises too much, a wash is inevitable. If this wave of decline is an adjustment at the monthly level, the cottage will have another wave of decline. The next wave should not be much different, and the bottom can at least be revealed.
So what should we do next? When can we open a position? If you don’t have a position, you can open a position now. Enter in several times. Now take 30%, and then add another 30% when it falls back by 20 points. Then take the remaining 40% when it falls back by 20 points. Buy spot and hold it.
In the short-term news, we should pay attention to whether Microsoft will buy BTC's vote. If the vote is passed, it will be a positive in the short term, and Bitcoin should stimulate a surge. If the vote is not passed, it will not have much impact. Failure does not mean bad news, but the market will not fluctuate much due to this news.
Focus on the interest rate decision at 3 a.m. on the 19th. If it is a 25 basis point rate cut, then it is in line with expectations and the market will continue to move as it should. If it is announced that there will be no rate cut, then it is definitely bad news and a market crash is inevitable. If nothing unexpected happens, there is a high probability that the rate will be cut.
Well, today's sharing ends here. If you think my sharing is helpful to you, please like and forward it. Thank you for your support