JP Morgan analysts released data saying that the market is still in the overbought stage, and then concluded that the market will fall sharply based on the principle of inverse consistency.
Mumu thinks this is completely nonsense. The rise and fall of the market does depend to a certain extent on the consistency of market sentiment, but this consistency is the consistency of retail investors.
You must know that when the market is as weak as it is now, BlackRock's IBIT position continues to grow. When nine ETFs experienced net outflows yesterday, IBIT's buying volume was still US$233 million.
In addition to this top institution, the accumulation of money by the big whales on the chain is like picking up money. The number of wallet addresses holding more than one big pie continues to break all-time highs. In the past two weeks, the top 100 addresses with BTC holdings have attracted funds. Just over 200,000 pieces of pie.
Therefore, it is true that the market is in the overbought stage, and it is difficult to see a big plunge in the later period.
The current rebound in copycats is still relatively weak. From the perspective of the market cycle, the copycat season has not yet arrived. The rotation of hot spots is still needed for the market to emerge.
Therefore, we will continue to focus on the L2, Gamefi and HK sectors that have been emphasized in the past two days, as well as the fan currency sector that will be speculated before June.
The market goes round and round, rotating back and forth between high and low positions.
No one can make every penny in the market or seize every opportunity. There is really no need or necessity.
In a bull market cycle, we only need to grasp a large part of the rhythm. Enter at a relatively low position, qun + Wei: JQCZ0192 and wait for a relatively high position to come out. The lowest and highest points that cannot be grasped are left to Gouzhuang and Leek. Go and fight.
Finally, I would like to emphasize that if you do not have your own cognitive judgment about the market, it is still recommended not to carry out swing operations easily.
It is normal for the bull market to be a roller coaster. It is much easier to get results that are several times higher in a large band than to get on and off the market. Reading the market is a technical job, which is tiring and harmful to the body.
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