After 3 months, BTC has once again reached above 100,000 yuan. The price of Bitcoin is still as strong as ever. The highest price reached 104,361 in the early morning. Ethereum also cleared the haze and reached 2,490 yuan. It soared by more than 30% in less than two days. Altcoins also followed the collective surge. The article the day before yesterday also clearly stated that the rise of Ethereum this time will be more fierce than the previous upgrade. When Ethereum was still around 1,500 in the middle of last month, it has been reminding everyone that the rise of Ethereum is not far away. Keep up with this wave of returns!
For Ethereum, $2,100 is the dividing point between bull and bear markets. Only when it returns to 2,100 can it be confirmed that there is no bear market and it has returned to the bull market again. It has successfully broken through here. The next question is the direction of Ethereum. However, we can confirm that Ethereum has broken away from the bottom and walked out of the haze.
Here, if Ethereum closes above $2,420 in the U.S. market tomorrow, then the probability of continuing to rise is high. If it does not close above this, I think the probability of rising will be relatively small, so pay attention to the closing position of Ethereum.
Many altcoins have doubled in one day, especially Zoomeme, Neiro, Moodeng, and Pnut. Pengu, Pepe, Popcat, etc. have also increased by more than 30% on the same day. The ETH ecosystem is also rising across the board. Defi leaders such as Eigen, Ethfi, SSV, and Uni have increased by about 30%. Remember to take profits in time and don't repeat the mistakes of altcoins!
There is no end to making money, but the more you lose, the less money you make! Opportunities are always there, but the principal will not always be there!
If the principal is 1 million and the loss is 20%, it will take 25% to recover the principal.
If you lose 50% of your capital of 1 million, you need 100% to recover your capital.
If the principal is 1 million and the loss is 70%, it will take 333% to recover the capital.
The principal of 1 million yuan loses 80%, and it takes 500% to recover the principal.
At this time, some friends who missed the opportunity may become impatient. However, the more time comes, the more you should not be impatient and worry about missing the opportunity. You need to understand the rules of the market. A sharp rise will correspond to a sharp fall. Now we should put our remaining positions aside and wait for it to pull back and stabilize before entering the market.
What is the core logic of our current cryptocurrency trading? It is a short-term operation, but many people have a habit of playing with spot currencies without stop loss. Now many coins have problems at any time, and then a needle comes down and then a chain collapse. For the LAYER in the picture below, if you didn’t sell it in April, you will lose money!
You can't be a diamond trader. Only short-term traders can make some money and catch the hot spots in the market. If you look at the trend, those who have bought will basically come back as repeat customers because it keeps rising. If they catch you in the last wave and your money can be withdrawn, you are decisive enough.
This is not alarmist. You can imagine from the trend in early April what you would do after buying in, and then based on the subsequent trend. It is basically the same!
There are many examples, the purpose is to tell everyone that now we don’t need to have any faith in anything except Bitcoin, Ethereum, and BNB.
You need to be patient. More than 90% of the time in trading is spent waiting, 9% is spent observing, and only that 1% is spent on operations.
That’s all I have to say today. I’m July. You can follow my daily article updates!
Those who walk alone go fast, but those who walk together go far! Welcome to discuss and exchange market information together!
