Key point - Interpretation of the market What is spot? The essence of spot is to buy low and sell high. Don't be too optimistic when it rises; don't be too pessimistic when it falls; when the market is correcting; you buy at the support level to at least rebound; when the market falls to the bottom, it will go up after grinding; these are all chips after the risk is released. Isn't it safer and more reasonable than chasing high or high-level chips? Why should you be too pessimistic!
Back to the market; Bitcoin has strong support at 27,000, and the decline is 10%; the decline of altcoins, whether it is the old strong dealer Teddy DYDX or the new high-quality chips ARB, has reached 30%; why do you start to open positions? Because the normal callback range for altcoins is 30%; this is the key number to judge benign callbacks and vicious callbacks; opening positions here is safe and has a high rate of return. Even if it fluctuates a few points further, it is easy to cover the position and control the overall chips at the bottom.
Speaking of benign corrections, we have to mention vicious corrections; a drop of more than 50% is considered a vicious adjustment; a vicious adjustment means that the main funds have already taken out their chips and entered a bloody wash-out and long-term accumulation state. Don't think about picking up bargains for currencies that have adjusted to such a magnitude, you can't afford the stage of throwing everything at the wall.
To sum up: BTC adjusted to a key support level; most altcoins pulled back to the critical point of a 30% decline; here the spot is suitable for buying and waiting, and if there is a short-term rebound, you can sell first and wait and see. The rebound will not happen overnight, so after a short-term rebound, you can sell and wait for the second bottom and then buy; if the shorts continue to vent, add a position to lower the average price of chips; overall, the chips that have released risks are worth your gambling
