Yesterday was another bloody day. The big drop came again. Is the dream of a bull market still there?
This should be what countless people are most worried about. They all think that $73,000 is the historical high in 2024 and it cannot be surpassed.
But is this the truth? We still have to look at the K-line trend. We can’t just look at the present, we also need to combine it with the past.
Recently, the trend of the U.S. stock market is more and more similar to that of the cryptocurrency market. Both have reached a short-term peak and started a correction.
This has to be said to have a lot to do with the previous non-agricultural data, which was originally good for the cryptocurrency market, but the market fell.
This is hard to understand. Is the cryptocurrency market really going to enter a bear market?
Although many people believe this view, they still haven’t sold their coins. Judging from yesterday’s liquidation data, the proportion of contracts has reached an unprecedented new high.
The market has begun to distrust value investing, believing that short-term trading is the only way to go in such a market, and that a rebound is an opportunity to deploy short orders.
The results are also very obvious. Those who integrate knowledge and action have indeed gained a lot from this wave of decline. Many people who insist on spot trading should have been laughed at by the people around them and can't raise their heads
This time, the market clean-up has awakened many people in the market. It is also what everyone calls seeing the essence of the market, that is, stop when you are ahead and don’t be greedy.
The current cryptocurrency market is already involved in too many political factors. The short-term trend has been forcibly reversed, and many indicators have been weakened.
It is more of a test of patience and confidence. Only if you identify a direction and control your hands, will you have a good result. Otherwise, you will be eliminated by the market.
The general trend requires many factors to be combined and interact with each other to be brewed. All signs indicate that it will go higher in the future, but there will be many obstacles along the way. Only by overcoming them one by one can we see the dawn of victory.
Don't doubt yourself easily, and don't change the original strategy at will. There is only one chance, and if you miss it, you miss it.
Don’t get hung up on the price. Today will be hard, but if you survive the years of no one paying attention, tomorrow will be better.
I am still optimistic about 2024. Even though the current situation is unclear, the general trend is irreversible. The probability of Bitcoin peaking at $73,000 is too low.
Even if there are major players controlling the situation, there is no limit to it. When the market is suppressed too much, it will naturally end.
August will be a critical turning point. Find the right time and enter the market boldly. This opportunity with low risk and clear return is something that every investor must seize firmly.
