The most fearful thing about a bull market wash is that there is no bad news. Generally, a wash with the support of bad news is beneficial. The sooner the defense line is broken, the faster the bull market will arrive. The recent bad news is:
1. The interest rate cut is delayed. I don't think it will happen. There is a high probability of a rate cut before September.
2. K workers sell coins.
3. There is another Mentougou compensation today.
The above three points all have certain uncertainties. The time of interest rate cut may not be delayed. Mentougou will definitely not sell coins, and miners also have a bottom line for selling coins. These are not changes in fundamentals.
So I firmly believe that in the stage of oscillating downward, there are three positions for bottom-fishing, based on the big cake, which is to gradually bottom-fish. And only buy when there is bad news, not when there is more good news.
Because every bull market starts with bad news, usually it is less operation and less buying. Big pie 70,000, 65,000, 60,000, the lower it goes, the smaller the risk
