1.BTC has formed a top divergence at the 4-hour level and the daily level. This is a bearish pattern. It is almost able to stand firm and break through this high point, just like the bullish pattern of "air refueling" in my previous article.
Unfortunately, I was still careless. Because of the current bull market, I ignored these directly and thought it was normal for the rise to overwhelm the fall. Of course, I did not use high contract leverage, which was the main reason for ignoring the bearish factors. In fact, this is the real bull market, with rapid rises and falls, and the market is extremely active.
In the early morning, without any special bad news, BTC shook downward, and the entire cryptocurrency market instantly fell, which was in line with the old saying, "In the morning, the price did not change, and the position was gone."
Therefore, the difficulty of contract leverage is too high. If you want to make money in spot trading, you may need ten brushes. If you play contract leverage, you need at least 1,000 brushes, and you can only guarantee that you will not blow up your position and lose less money. The feeling of being powerless when seeing the opposite market is really tormenting.
You can see why I am determined not to do contracts by looking at my ID and profile.
2. Arthur Hayes, the boss of BitMEX, has published another article. He analyzed the monetary policy of the global central bank's interest rate cuts and started in advance. He concluded that if you don't add positions now, when will you go all in on BTC and altcoins? BTC is no longer affordable for ordinary people, and of course it is the only one I think you can go all in on with a loan. Those so-called value coins and institutional coins with high valuations and low circulation are now smart, so let the institutions play with them. From the current situation, MEME coins may be the trend-setter leading this bull market. One principle that must be adhered to when playing this is to buy new instead of old. NOT should be the best choice. I don't know what's going on with BOME. The market seems to have been trading sideways, and it may be that it is still a little short of a small spark for its outbreak. Others like BNB SOL are even more stable. If you want to balance risk and return, TON is also very suitable.
Last but not least, don’t short in a bull market