#BTC , sol, eth, sol. Morning thoughts.
【The most important thing right now is: can we still hold on?】
It's still these four coins.
Why is it an ETH bull market? I always analyze BTC.
It's a very simple reason, please remember, no mainstream coin can completely separate from Bitcoin. If Bitcoin falls, which mainstream altcoin can rise?
I'm not going to talk about the macro market this morning, I mentioned it last night. US Treasury Secretary Yellen: A series of interest rate cuts may start with a 50 basis point cut in September;
Undoubtedly, this is another positive.
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The market has also reached the point I marked, the same, I've been using this chart for a week.
Retail long-short ratio: 0.7.
Large investor long-short ratio: 2.4. (This indicates that retail investors are mostly short, while large investors are long)
The more people are short, the more it will rise, because now is an institutional bull market.
Overall, there isn't much that can bring the market down. So, it can still hold on to more Dan.
Just need to pay attention to two points:
1. BTC reaching 125,000, ETH at historical highs.
These are relatively critical positions, and it might consolidate around these levels.
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2. With this wave of increase, the liquidity above may be lacking. Institutions may have to actively short to absorb the liquidity below before rising again.
Or they may accumulate, waiting for some people to exit, or for more people to go short.
(Always understand, there can be no buy without sell; if institutions want to keep pushing the market up, you have to sell for their money to become chips.)
Do not go against the trend, but be clear about when the trend ends. Our daily analysis is not about daily trading, but to see if the coins in our hands can still be held.
What we need to do is to continue holding if it goes up.
If there are signs of a pullback, adjust the stop-loss for long positions upwards.
You can also consider opening a short position at a suitable risk-reward ratio.
