Market Analysis

Everyone's attention is on Ethereum, which is at a critical point again. I have mentioned many times that Ethereum now is like the big cake during the Spring Festival. For those holding spot, there’s actually not much to worry about, but for those with high leverage contracts, it’s another story. There’s a high-level fluctuation; according to the 15-minute candlestick chart, it has been switching between bullish and bearish. Support and resistance are not that important; what matters is that even if your contract is in the red, you need to learn how to identify the bullish and bearish trends. The indicators in the candlestick chart are designed as financial tools for the majority of retail investors, and they are part of the buying and selling process. For a currency’s price increase, we still have to combine data, information, expectations, policies, and so on to make judgments. If your contract is in the red, you might as well observe how many times the bullish and bearish trends reverse within an hour, find the exchange rate from there, and observe the level of each candlestick's spike.

My personal suggestion is, besides Bitcoin and Ethereum, you can only choose from the top 10, because we can clearly see the intentions of the market makers. When Bitcoin and Ethereum are being pushed up, should you chase after Bitcoin and Ethereum or buy altcoins? If most of your money goes into altcoins, then it will continue to push up Bitcoin and Ethereum. If everyone buys Bitcoin and Ethereum, then the market makers will distribute at high levels and push up the altcoins. This time, the operator is quite unscrupulous; in the last bull market, buying anything would make a profit, but this time, as a seasoned retail investor, I can only dare to choose from the top 10.

For any cryptocurrencies that need clarification, post them in the comments, and I will reply one by one. I will also try to address contract-related questions.