Recently, everyone should have returned to work, right? This wave of population movement during the Spring Festival has also spread many viruses, with the flu and Norovirus being quite prevalent. I was hit by it the day before yesterday, experiencing vomiting and diarrhea, but fortunately, I'm recovering quickly. In fact, the advantage of private clinics in towns compared to big cities is that it's convenient for treating minor illnesses. Nowadays, in large hospitals in cities, the first step is basically blood tests, X-rays, and so on. Doctors are hesitant to make judgments based on experience, wasting a lot of medical resources.
Since the sharp drop in February-March, the market has started to fluctuate repeatedly. This trend is within expectations, but it’s a pity that it hasn’t returned to the lows again. Currently, in this range, I temporarily sold some of my bottom-fishing positions and haven't re-entered yet. I want to wait a bit longer because, based on the recovery time after the sharp drop, there is a 1-3 month window that provides us with opportunities to enter.
Although I do some bottom-fishing and swing trading in every range, my current position is still 60%, and this 60% is basically all bought back at high positions or not sold at high positions. I haven't calculated the specific costs, but it definitely won't be lower than now. I am relatively confident about the upcoming market and also hope to pass on some belief to everyone.
A relatively important judgment criterion is that the price of BTC has not broken down, meaning there hasn't been a bear market in terms of technical patterns, although it’s undeniable that altcoin prices have entered a bear market. As long as the adjustment pattern of Bitcoin remains healthy, it indicates that someone is buying Bitcoin, and funds will ultimately seek cheaper targets.
Thank you for your attention and likes.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.