The slight decline in the U.S. stock market last night did not continue to drive the cryptocurrency market down. On the contrary, the U.S. stock market rebounded over time, and the slowly rising market reduced the degree of panic to some extent.
The overall market trend is still mainly volatile. If Bitcoin wants to develop an independent trend, it must stand above the 60,000 mark. Therefore, before it stands above this mark, it can be understood as a bottom test and wide fluctuations.
Bitcoin has repeatedly hit a pin, so short-term trading should pay attention to the following:
The main forces are all smart money. For example, there may be a needle-piercing tonight. It will enter the market one day in advance last night, and then wait for an opportunity to move when the data is released.
"Needle", why does it happen from time to time? This phenomenon is caused by the main force's rapid entry and exit.
If the main force buys and sells normally and at a moderate frequency, there will be no needle-piercing phenomenon. In the unilateral upward trend of the bull market, there are very few needle-piercings on a daily basis, right? Generally, there are one or two large needle-piercings accumulated in a month. After all, the main force also needs to make money. In the bull market, it is easy to miss the pump if it frequently enters and exits on a daily basis.
The rebound on Monday afternoon and Tuesday morning was caused by the main force entering the market on Monday evening, and the acupuncture yesterday morning was caused by the main force leaving the market. This day's rebound reminded that it could be withdrawn at any time, so the acupuncture yesterday morning was not surprising at all. In the morning, the "needle was getting closer and closer" and it was pierced in less than half an hour.
Is September the best time to buy the dips? How to buy the dips at the bottom?
We cannot control the market, the capital market is run by the dog dealer, we are just a runner-up, follow the market. It is not scary to be trapped, because you are not the only one who loses money, so you should keep a good attitude.
Instead of complaining every day, it is better to learn more, improve cognition, and explore more knowledge points that we don’t understand in this industry. There are still many things we need to learn, not just cryptocurrency trading.
Don't be a fence-sitter. Have your own cognition, otherwise you will never make money! Other people's opinions are just opinions, at most they are a reference. You must have your own conscious behavior.
If you think the market has bottomed out now, how can you operate efficiently?
The market has been adjusting since March 14, almost six months ago. The volatility during this period is not unfamiliar, but there is a key point that you cannot ignore:
The market tends to fall in September every year, but often rises in October!
So, while September's dip may seem discouraging, it could also be your perfect time to buy.
In fact, the altcoin can no longer fall: It is very obvious that the decline of Bitcoin in the past two days has not effectively led to panic selling of altcoins, so as long as Bitcoin has a big green candle in the future, the market and confidence of altcoins will return.
Pessimists will say that the market will fall further in September, but optimists believe that this is the time when you can enter the market at a low price and prepare for the upcoming rise!
You have to know that with limited funds, how to choose the target and manage the position is directly related to your profit and loss ratio. This is the key.
Remember, accurate selection and strategic management are the secrets to success!
With the interest rate cut in September and the arrival of Q4, I think we don’t have many opportunities left to buy the dips, so we should cherish it.
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