What does the rise and fall of the currency circle have to do with?
The rise and fall of the currency circle has a regular pattern in 90% of the time periods.
The factors that affect the rise and fall of the currency circle can be summarized as
fundamental news + market sentiment + the trend of the leading currency (Bitcoin).
Relying on fundamental news to speculate on currency is a kind of speculation. If you make arrangements in advance and encounter the time when major news is released, you can take the opportunity to make a profit. For example, when the US dollar announces whether to raise interest rates, as long as the direction is grasped correctly, you can achieve short-term profits. Of course, this method is not used in most trading sessions.
Market sentiment is affected by the rise and fall of fundamentals and currency prices. It is more emotional and more difficult to control. If it is not a big bull or bear market, it is not recommended to follow the trend.
The last one, the trend of currency prices, especially the trend of Bitcoin, can drive more than 90% of the currencies on the market. The price of Bitcoin has historical rules to follow. When it reaches a certain pressure level, it must turn around decisively.
What do you think?
If this article is helpful to you, you may wish to pay attention to Caishen. If you have any questions that you don’t understand, you need to consult or want to communicate and learn together. Read the introduction of the cooking industry and try to enter the circle
