Over the past night, the market experienced a violent shock, 4 billion CNY evaporated in a short period of time, 200,000 people were forced to liquidate and go bankrupt, and the fear and greed index fell to 20, completely entering the extreme panic range. The market is highly emotional and the capital game is fierce. Such extreme fluctuations often mean that risks and opportunities coexist.
Market sentiment: bulls and bears wrestling, buy at the bottom or wait and see?
Panic spreads in the market, major funds take the opportunity to harvest, and the irrational fluctuations of the market exacerbate investors' anxiety. However, we must understand that at the critical point of the bull-bear transition, the market will always create enough panic to make retail investors leave, while smart money is quietly absorbing funds. The real bottom is often born in despair, but this does not mean that we should blindly buy the bottom, but wait for clearer signals.
BTC Focus:
Support: 73425 / 69782
Pressure level: heavy rebound pressure
Judging from the trend, BTC is still facing great selling pressure, and the key support level of 73425 will be tested sooner or later. The current market is in fierce competition between long and short positions, and there is a demand for a rebound in the short term, but the general direction still needs to be cautious. For short-term traders, controlling stop loss and fast entry and exit are the best strategies at the moment.
ETH Focus:
Support levels: 1905 / 1835 / 1775
Pressure level: The rebound is also blocked
ETH's recent trend is relatively weak, and many people even begin to doubt whether it can continue to maintain its position in the top five in terms of market value. If ETH cannot bring stronger innovation and application value, it may indeed be further marginalized in this round of market adjustments. However, in the long run, ETH is still the core asset of the public chain ecosystem. Short-term declines cannot change its value foundation, but the collapse of market confidence will intensify capital outflows. Therefore, before ETH completely stabilizes, it is still not recommended to blindly buy at the bottom.
Coping strategies:
Long-term layout: Wait and see cautiously, don’t rush into the market. The market is still in the adjustment stage, and the security of funds takes precedence over gambling gains.
Band operation: When you encounter a band gain of 3%-5%-8%-10%-15%, you can gradually reduce your position, do not be greedy, and lock in the profits.
Intraday trading: short-term quick entry and exit, strictly implement stop-profit and stop-loss, don’t fantasize about catching the lowest or highest point, setting up risk control is the way to survive.
Position management: Don’t go all in, don’t borrow and leverage, and don’t be led by market sentiment in a market that rises or falls dramatically.
Wait patiently: The key to survival in a bear market is cash flow management. Don’t waste your bullets easily. In the cold winter, survival is the key!
Summary: The market is still in a volatile downward trend. It is not a good time to make long-term investments, and short-term operations should also be cautious. Stay calm, allocate positions reasonably, and wait for the market to give clearer signals before considering the next move!
