BTC
Recently, Bitcoin has been affected by the sharp drop in US stocks and has continued to weaken, falling by more than 5% in the past two days. The overall trend is still weak, and the daily chart shows that Bitcoin is fluctuating and falling. Although the 4-hour chart has rebounded a bit, it is still falling overall. Bitcoin has fallen below the key support level. Now is a good time to buy the dips. The price is below 55,000.
ETH
Ethereum's trend is basically following Bitcoin's, but its recent performance is weaker than Bitcoin. It is also experiencing a sharp correction and is just about to bottom out again. The current price is also a good opportunity to enter the market.
Mainstream Currency
Most mainstream coins fell along with the market today. In the short term, most mainstream coins have fallen to a relatively low level, which is suitable for entry. Recommended coins worth paying attention to: AR, BCH, BSV, and OP can be held in a small position.
The recent sharp drop in cryptocurrencies is mainly due to the decline of the Federal Reserve and the US stock market. The global financial market is shrouded in bad news, which has hit the confidence of bulls. Many people have begun to doubt whether the bull market is still there, and some marketing accounts are still bragging about the end of the bull market for traffic. But I want to say that everyone does not need to worry, the bull market is still there, it just hasn't really started yet. Looking back at the previous bull markets of Bitcoin, every September will experience a sharp shock, and this time is no exception, mainly due to the influence of the Federal Reserve and the US stock market.
The current sharp drop is actually a good opportunity to enter the market, and the market makers are also suppressing the confidence of bulls. Think about it, if everyone in the market is long, how can the price of the currency go up? Only when the long contracts are liquidated and the market turns pessimistic, the bull market will slowly start. Therefore, I have repeatedly emphasized that when the market panics, there are often opportunities, and there are always opportunities in risks.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
If you want to know more about the secrets of wealth or have any questions, please follow the official account: Dongchen Navigation
