The recent $ETH has left me confused; I thought it would go up to about 3800, but it directly went up to 4300, resulting in a significant paper loss and a profit retreat, indicating there is still a lot of room for improvement in position management and inner peace. Trading is the best place for self-cultivation; only when one’s heart is not swayed can one’s practice truly be in place.
DOGE has incurred a floating loss, the average price has come to 0.2222. Let's see if I can profit from it, and whether sticking to buying low and selling high is the key to profitability.
DOGE has incurred a floating loss, the average price has come to 0.2222. Let's see if I can profit from it, and whether sticking to buying low and selling high is the key to profitability.
The logic of this round is the institutions' DeFi Summer. After holding a large amount of top assets like BTC and ETH, they need a place to earn interest and complete the closed loop of USD stablecoins, making DeFi extremely useful. CRV and CVX have risen quite a bit, and Ethereum, as the Gas for DeFi, goes without saying. We can speculate on several things that may happen:
1. More assets will be allocated to DeFi, and corresponding regulation will strengthen. 2. More hackers will target the juicy opportunities in DeFi. 3. Bitcoin's target is 150,000, Ethereum's target is 4,400. 4. A period of consolidation to collect chips. 5. Enterprise-led DeFi protocols will emerge, and it is not excluded that powerful institutions will build their own protocols. 6. USD1 will develop into a mainstream stablecoin. 7. BNB Chain will capture a portion of the DeFi scenarios. 8. TRON, as a major public chain for stablecoin circulation, will benefit significantly.
This wave of rising market should come to an end. The early overdraft of stablecoins to expand circulation has been beneficial, with more whales entering the market. However, the rotation of each sector still relies on the operation of funds within the market, and the long and short leverage ratio is very high.
However, in the long run, the head is beneficial. Blockchain will become mainstream, applied in all aspects of finance.
Recently missed a wave of rising market, but it has now reached a small peak. $BTC 12w, $ETH 3480 are key levels, and it is advisable to take some profit. Currently, the ETH 4-hour chart has formed a top formation, and the BTC daily chart has also formed a top formation.
Although missing this rise is frustrating, it has also made me see the flaws in my strategy during a one-sided trend. During a one-sided rise, one should hold until the exit signal appears and not take profits too early, ensuring multiple rounds of profit-taking.