A new week has begun, and the weekly line has closed. Most of the cottages are still lying on the ground. Is it the bottom that will not rebound? Or will it fall after a long period of sideways movement! This week should have a direction. I still maintain yesterday's point of view. There are only two possibilities: digging a pit and then rebounding sharply, or directly bottoming out and rebounding!
There is no market that only falls but never rises. The continuous big falls and negative declines have relatively reached the limit of the current copycat air force. The principle of the spring effect tells me that the lower the pressure, the greater the rebound may be! This week's data is the CPI data at 8:30 pm on Wednesday. From the historical perspective, this data has a relatively large impact on the market. Therefore, the time node for the change should be around Wednesday, that is, around the 15th! Before that, all the rises and falls may just be disordered fluctuations. In this grinding market, the dealer just wants to wash out some unsteady people, or short-term traders, so that you continue to wear out your positions!
I’ll repeat again the news for this week that I mentioned yesterday!
There are three major events coming up this week.
1. More than 6 Fed officials gave speeches this week.
Powell will deliver a speech at 10 p.m. tomorrow.
2. The key US inflation data CPI will be released at 8:30 p.m. the day after tomorrow, Wednesday.
Higher than expected is negative, lower than expected is positive.
If next week's March is lower than expected and Israel has not launched a fierce offensive, then BTC is expected to usher in a big rebound.
Otherwise, BTC will experience a sharp correction.
3. This week, the peace talks between Israel and Palestine may be finalized. A successful agreement is good news, but a failed agreement is bad news.
Is this round of market adjustment over?
Let me first say the conclusion. It is estimated that it has not yet bottomed out. Two days ago, Bitcoin returned to above 65,000 and stood back on MA20, but it didn’t stabilize and went down again.
Many people have begun to say that 5.6w is already the bottom of this round of correction, but there is still an obvious signal that it is still in a downward channel. The last time Bitcoin pulled up above 6.5w, it did not break through the previous high of more than 6.7w and then fell again.
The signal that an upward trend is opened is that each rise breaks through the previous high. The signal of a downward trend is that each rise cannot break through the previous high, and the low point is setting a new low. Therefore, pay attention to whether it falls below 5.6w.
It is estimated that this round of psychological price is between 52,000 and 55,000!
In an unordered market, it is actually quite difficult to make money, also known as a monkey market. You think the market is going to fall, or break through a key support, but it rebounds violently. You think the market is going to rise sharply, but you don’t know where the mysterious force comes from, and it starts to reverse downward!
Especially when the market is not active enough, any news may affect the market trend! At this stage, it is best not to chase the rise and sell the fall! Hold on to your low-level chips! Wait until the dog dealer collects enough chips and starts to pull up the market!
It is also worth noting that both strk and ARB are about to be unlocked this week, and there may be some potential selling pressure. When making a layout, you can adopt a batch layout method if you have a position and want to enter the market!
The current market trend is still undecided and will change according to the market evolution. The best operation strategy is of course to prepare for both situations. If the current position continues to fall sharply, then it will definitely be an excellent opportunity to buy at the bottom, and it will also become a gold mine with a high probability. Then we can retain some funds to buy at the bottom, and then we can follow the steps and operate according to the existing operation strategy! No matter which strategy we use, what we need to remember is to protect our principal in order to seek more operation opportunities!
The tough time won’t last too long. When the market is in panic, remember to buy in time. Because in such a panic moment in the bull market, there won’t be many opportunities to pick up chips at such a low position. Therefore, you must cherish every opportunity given by the market! Hold on to the chips. The darkest moment is often when the bottom is about to appear. Hold on a little longer!
After the Bitcoin halving, the market suddenly entered a cold mode, catching many people off guard. This round of market conditions started from the rebound in the fourth quarter of last year and then to the bull market in the first quarter of this year. Basically, the things that were hyped were tracks without any novelty. Except for the Bitcoin track, there was no innovation at all in other tracks. Retail investors were tired of the highly valued VC plates, which led to the prevalence of memes. After a short period of prosperity, it would be difficult to maintain the market trend for a long time without innovative gameplay. Therefore, we see that the entire month of May will enter a period of continuous adjustment, and everyone should be fully prepared.
The market continued to fluctuate and adjust, Bitcoin fell slightly, and the altcoin collapsed. Bitcoin rose slightly, and the altcoin collapsed. The current market has entered a no-takeover mode. The first is a cycle. We are currently entering a market adjustment cycle. During the adjustment period, everyone should be mentally prepared enough.
The second reason is that the market value of Shanzhai is too high, and the market cannot continue to take on high valuations, so it has to adjust and repair by falling. When the market adjustment is over, both mainstream and Shanzhai will re-enter the hype mode, but if there is no new gameplay at that time, it will be difficult for the market to continue, and the bull market will only last for 3 months at most. Therefore, it is judged that everyone must take out some principal during the crazy process in the fourth quarter.
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