Is the cow still there?
Recently, the market conditions are still fluctuating between US$55,000 and US$59,000, and the trend is relatively slow. Since Bitcoin fell below EMA200 last week (July 5) and failed to recover, the market has seen significant changes. From a technical point of view, this break seems to have broken the short-term upward trend since September last year. .
This bull market has not yet ended. The current market stage is more like a "bear market trap" and the real big bull market has not yet arrived.
For ordinary retail investors, during this period, we recommend the following two strategies:
First of all, if you have not started to open a position or plan to continue to open a position, consider buying Bitcoin in batches (the emphasis is on batches) and gradually accumulate the position.
Second, as the Bitcoin market enters a correction phase, altcoin volatility may increase significantly. Therefore, be sure to reasonably assess your risk tolerance and only focus on copycat projects with strong narrative capabilities.
For those investors who have already filled their positions and are considering whether to reduce their positions and withdraw part of their principal, my personal suggestion is that unless you hold a high-risk project that may return to zero at any time (or has already returned to zero), you can Wait patiently for 1-2 months before making a decision.
If you want to know about specific opportunities and specific decisions, check out the home page introduction
In the current phase of relative panic in the market, we should not fall into panic, but should remain moderately greedy and be ready to buy at any time. Only those who have experienced darkness and challenges can truly usher in the light; and those who have experienced the light will not be afraid of a new round of darkness and adjustments, because they believe that the sun will still rise tomorrow.
