Many people ask me: Teacher, how do you read the market so accurately!
First of all, I rarely look at news, such as positive or negative data. I look very little at things like non-farm payrolls, ADP, or CPI. Occasionally, I might glance at non-farm payrolls, and the only thing I pay attention to is the Federal Reserve's interest rate decisions, and even then, I only look for rate cuts.
But these are just references. For example, on August 2nd last year, the non-farm unemployment rate was higher than expected, and the employment rate was lower than expected. The market increased its expectations for an interest rate cut. Many people went long or even positioned themselves in the spot market. But the market crashed. Until August 5th, the black swan event, it hit 48,900 points. If I had focused on macroeconomic theory, I would have become market fuel long ago. Those who have followed me know that I predicted the crash to 48,900 at the end of July last year!
My success is mainly based on indicator analysis. The market capitalization of BTC is there; capital cannot easily manipulate it with just a few hundred thousand dollars. That's a massive stake. If there is a change in the market, the indicators can show it. Just like the crash at the end of July and the V-shaped recovery on August 3rd, they were all supported by technical analysis from indicators. The volatility of BTC affects the entire crypto market; even if ETH is surging now, as long as BTC pulls back, it will follow suit.
I haven't looked at CoinGecko, Jin10 data, or similar data and news sources for half a month.
Advice: If you really want to thrive in the crypto space and accumulate wealth, you must understand various indicators, know how to analyze them in combination, or you won't go far!
