7.22 Accurate Market Analysis
Good morning, everyone. Let's take a look at the upcoming trends. Referring to previous reminders, I advise everyone not to chase prices. Some people have been in the crypto space for many years but still haven't reflected on their actions, getting caught at high points by the market manipulators every time. For example, during the time when $ETH was widely rumored to have positive news, the manipulators have already made three times their investment from the bottom to now. Why didn't they talk about Ethereum when they were buying at the bottom? They only buy after it has tripled and then hype it up through the media, which is just to let us take the risk.
Over the past few days, I've been reminding everyone not to chase after price increases and to position themselves in assets that haven't risen yet. For instance, I’ve been reminding about $SOL for a long time, and yesterday it surged past $200. Doge is the same, many people don’t look at daily charts and technical indicators; under FOMO sentiment, they still want to chase. Go ahead, those who chased in yesterday are feeling comfortable today...
As for the upcoming trends, there will definitely be a wave of correction. Those who needed to buy have already bought, and subsequent funds will struggle to keep up. The US stock market is also at high levels, making corrections likely, which will impact the crypto space. The manipulators who positioned themselves earlier will take profits and open short positions, feeling quite satisfied. Now is not the time to be fully invested; I suggest a maximum of 70% position. If a coin has surged, consider taking at least half off, and it’s not too late to re-enter after a correction.
The more you FOMO, the more urgent you feel, the easier it is to lose money.
After the correction, I'm still bullish in the long term because the attractiveness of US assets is decreasing (the ICE Dollar Index, which measures the dollar against six major currencies, has fallen over 9.7% this year).
Funds will need to find new targets to amplify returns. Globally, most countries, apart from China, are politically supportive of cryptocurrency. $BTC
