#市场回调抄底还是观望？
Currently, I feel that the Bitcoin bulls are getting a bit exhausted. Every time it goes up, it encounters various resistances, so whether it can break above the 99000 level is hard to say at the moment. Even if it does push through, it might come back down. Overall, the market looks weak, but there won't be any significant downturn, mainly oscillation.
Last night, the much-anticipated Microsoft shareholder vote on whether to invest in Bitcoin yielded results; shareholders opposed the proposal to invest in Bitcoin, believing it does not align with the long-term interests of shareholders.
Microsoft itself is supposed to allocate 1% of its funds to combat inflation; if it's going to buy, it should do so sooner rather than later. Taking out money to buy at this time and at this position does not really align with the values of a qualified investor, so the rejection makes sense. In the end, this matter concluded in failure.
In fact, Microsoft's logic for buying so many coins is to position itself as a Bitcoin index company, betting on Bitcoin's rise to drive up its stock price. This approach is entirely correct; otherwise, who would trade its stock?
Ethereum is also a bit weak today, mainly following the trend, waiting for a key breakthrough!
SOL has returned to 220, still holding an important threshold, mainly continuing to hold positions.
Today's altcoins seem to focus on launching new coins; the recent new coins feel like a makeshift operation, especially this ME coin, which has been making noise every day and finally launched during the peak of the bull market. I think the chance of a sharp drop is high. Be cautious with this coin.
MEME still needs to wait for an opportunity to buy at the bottom; there should be a chance for another rebound, but now is not a good time. However, you might consider placing orders to try your luck in a lottery.
If anyone is confused due to market fluctuations and unsure how to deal with being stuck in a position, or feels misled during trading, feel free to reach out!
I am Old Li.