April 6 Market Analysis
#
Recently, the performance of the US stock market has been concerning, having fallen for 7 consecutive weeks, clearly indicating that the US stock market has entered a bear market. Looking back at history, in March 2020, the US stock market experienced a staggering crash, with circuit breakers triggered repeatedly in a short time, plunging the entire financial market into extreme panic. At the same time, the Bitcoin market was also not spared, witnessing the infamous '312 incident' in the crypto circle, where Bitcoin prices plummeted dramatically in a short period.
However, the current market situation is somewhat unusual. During this period of continuous decline in the US stock market, Bitcoin has not followed suit but has instead maintained a volatile trend. This divergence has left many investors wondering: Will Bitcoin experience a corrective drop? Given the uncertainty and complexity of the market, this possibility certainly exists. After all, the financial market is ever-changing, and various potential factors could lead to a reversal in market trends.
Before the major trend is determined, investors need to remain cautious. For long-term spot and long-term contract arrangements, this may not be the best time. If market trend judgments are incorrect, significant losses may occur. In contrast, it is currently more suitable to engage in short-term intraday trading of contracts. This trading method offers greater flexibility, allowing for timely strategy adjustments based on short-term market fluctuations, thereby better seizing opportunities and reducing risks. However, it is important to note that short-term intraday trading of contracts requires a high level of technical analysis skills and trading experience, as investors need to possess keen market insight and decisive decision-making abilities. If you are not confident in your skills, come to my live stream, broadcasting every night at 10 PM, where I share short-term strategies daily, teach techniques for free, and help you keep up with the rhythm to profit every day.