Scam? BTC is going to return to zero? Has the market bottomed out?
First of all, I want to say that the Air Force has worked hard. They were not idle during the weekend and were crazy about output on Monday.
The main reason for this round of decline is the rush of funds before the interest rate cut. The top article on the homepage the day before yesterday has been analyzed, so I won’t repeat it here. If you read it carefully, you will not lose money at least in the next two days. It is recommended to read it carefully twice to roughly understand what is going on in this round of market.
Has the market bottomed out?
The existing indicators cannot determine whether it has bottomed out. Judging from the trading volume, the accelerated decline in the morning did not kill too many panic orders.
Can it rise back?
Maintain the view of the top article on the homepage the day before yesterday. It is just a technical correction, not a full reversal.
How to deal with it?
Keep cash, dare to buy spot in batches, and take the initiative to buy a set. Think about it, it is impossible to copy at the lowest point. Falling means that you can buy at a lower cost. Isn’t it a good thing?
My thoughts
If you don’t have a position in BTC spot, you can definitely build a base position at the current price of 5.4. Use 30% of the total BTC position you plan to buy. 4.5 will be enough to add 30% to the position, leaving 40% of the funds for response.
Don’t touch the contract if the market is not good. Learn to short. Diligence can’t make you rich. Do you see that I rarely open positions these days?
The necessity of position management
Some people will say, you said to add positions at 4.5, then why don’t you wait for 4.5 to be full, why don’t you go all-in to short?
I advise you to be sober. Here, adding positions at 4.5 does not mean that it will definitely reach 4.5, but that you will not stare blankly even if it reaches 4.5. You are trading, not a gambler. Trade by plan, not by feeling. It is more important to keep your funds relatively safe than anything else.
I believe that even if I emphasize it again, 90% of people still don’t have the patience to wait. When you are no longer trading with the dream of getting rich overnight, you should stay away from losses.
