The mood is rising, the second level heat is coming, return to the second level!!!
I have said a point of view long before: from bearish to bullish, only a few big positive lines are needed to instantly pull back the market sentiment. The speed of sentiment change is so magical. This year we have experienced various market washouts. The current data shows that there is a reversal, but we still need to make a reasonable layout and not rush blindly.
Yesterday, Bitcoin ETFs had a net inflow of 8,846, equivalent to $556 million, which was double the amount of last Friday. It was a clear short-selling shift. Grayscale's market crash was well known. It is worth noting that Grayscale's outflow turned into inflow, which fully reflects the retail investors' optimism about Bitcoin's future.
Driven by the big cake, the cottage industry has seen a general rise, but it will still not reach the phenomenon of 10,000 coins taking off. Fortune is sought in danger, but it is also lost in danger. Chasing high prices is obviously not a wise choice. The bigger the wind and waves, the more expensive the fish is. This is obviously not applicable to the current cryptocurrency circle. After the rebound, should we sell or pattern, should we change the position of the coins that have not rebounded, etc. How to make decisions has become a headache for everyone!
Overall, giving you an idea is also an important part of the trading system!
1. If the rebound is strong, set the expected target and leave when it is reached, and do not move until it is reached.
2. In general, if the market rebounds, it is recommended to sell half of the shares first. If the market retreats, buy back the half you sold at a low price to lower the average price. If you continue to sell, you can also earn the other half.
3. The rebound is weak. Look at the target and the trend. If the target is too bad, it is recommended to change the position. Zombie coins will only increase the time cost and will not bring you anything.
Of course, how to distinguish still requires a certain amount of knowledge. If you are a novice and cannot distinguish the currency, you can continue to follow me!
After hitting the 66500 pressure level, the price immediately fell back, and did not go through the phenomenon of sharp rise and fall. This market trend is relatively healthy. Technically, it has the meaning of shock and upward adjustment. In terms of intraday operations, we still pay attention to the key resistance and support positions. The upper pressure is 66500-67000, and the lower support is 65000-64500. If there is no news stimulation, the shock will be in this range, and it is reasonable to sell high and buy low!
Key points: There is no market that only goes up and never goes down, or only goes down and never goes up. At any time, we need to keep our minds rational, plan and operate reasonably. Less Fomo, only by staying sober can you avoid making too big mistakes in your operations, so that you can survive in this market for a long time and achieve steady growth of your account!
