$BTC $ETH $SOL
Mentougou's large-scale asset distribution caused the market to plummet horribly. How will the market go next? How can retail investors save themselves?
Last night, the price of Bitcoin briefly exceeded $67,087, and then began to fall back. It failed to effectively step back on the support level during the early morning period, causing the market trend to be affected. The short-term market may decline further, and we need to wait for the shock adjustment after the market stabilizes.
In the market, as Grayscale Capital began to sell Ethereum (ETH) and Mentougou, the impact increased, coupled with the continuous upward trend of European and American stock markets for one and a half years, and amid the uncertainty before the Federal Reserve cut interest rates, capital profit chips fled one after another.
Tesla's performance was significantly lower than market expectations, which also became the trigger for the withdrawal of market capital. An interest rate cut cannot immediately bring about a sharp rise in the market. This requires a gradual process. The main capital will seek opportunities to enter the market and seek buying opportunities at lower prices, rather than blindly chasing the rise like retail investors.
Market volatility has increased significantly this week and risks are higher than last week. For those investors who cannot afford losses, it is recommended to avoid futures trading for the time being.
At the same time, it is recommended that investors pay attention to the market’s trading time nodes: 5:00-7:00 in the morning, 12:30-13:30 noon and 18:30-19:45 in the evening. These periods are the times when there are more intraday trading opportunities. The trading time coincides with the main trading time in America, Asia, Europe and America, and the indicator signals are used to decide whether to enter the market.
