However, after experiencing these fluctuations, many Altcoins have returned to their previous starting points, which undoubtedly has been agonizing for many medium and long-term investors. The risks and returns in the market often coexist, and in order to achieve ten-fold or even hundred-fold returns on Altcoins in the future, one must endure the pain brought by these corrections.
Personally, I previously had some profits at the level above Ethereum 3,200, and today I have started to gradually re-enter some positions. If there is an opportunity to break below 3,000 in the future, I will still consider boldly increasing my positions. After the breakthrough of the fluctuation range in the next three months, it is expected that Ethereum will at least challenge the previous high of around 3,600. As for BTC, although there are currently no signs of a top, the formation of a market top takes time, usually at least a three-month cycle. The BTC rally at the beginning of this year started from October last year and did not reach a top until March, and if this round of the market follows a similar pace, the first stage top may appear around mid-January next year.
However, after the correction, it may also be a more crazy upward stage. Therefore, try not to miss the opportunity at the beginning of the bull market, and be bold when entering the market during the correction.
As for Altcoins, the recent performance has been somewhat unsightly, with Ethereum's volatility being more severe, and many Altcoins are synchronized with BTC's trend. Fortunately, the mainstream cryptocurrencies have shown a rotation and catch-up trend, with ADA taking the lead, followed by LTC and XRP also catching up. When the smaller Altcoins have also completed their rotation and catch-up, the market may turn its attention to some new projects.
Currently, the focus is that if Ethereum retreats to the 2,800-3,000 range, it can be considered to buy the dips, while BTC needs to closely monitor the support around 85,000. The outflow of capital needs time, and the market adjustment will not end so quickly, so it is bold to enter the market during the correction.
The bull market is here, brothers, come and gather!
Finally, there is actually a lot more that hasn't been written, such as specific opportunities and specific decisions, which are often not something that can be summarized in an article.
If you want to know more about the wealth code, or if you have any doubts, follow the public account: Caijing DongchenOriginal
Bitcoin falls back! The early bull market correction brings buy the dips opportunities, and Altcoin are about to rebound!
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The market has entered an adjustment period. Yesterday, BTC once surged to around 91,800, but quickly fell back to 86,700, dropping 5,000 points in a short period of time. Ethereum also reached a high of 3,242 and then retreated to 3,020, a drop of 220 points. In the past 24 hours, the market has seen over 170,000 people liquidated, with a total loss of over $500 million. This also means that the long positions have suffered another $300 million in losses, and the liquidation amount in the past few days is still around $500 million. This series of data shows that the market sentiment is still overheated, and the appropriate correction is also a normal process of washing the market.
However, after experiencing these fluctuations, many Altcoins have returned to their previous starting points, which undoubtedly has been agonizing for many medium and long-term investors. The risks and returns in the market often coexist, and in order to achieve ten-fold or even hundred-fold returns on Altcoins in the future, one must endure the pain brought by these corrections.
Personally, I previously had some profits at the level above Ethereum 3,200, and today I have started to gradually re-enter some positions. If there is an opportunity to break below 3,000 in the future, I will still consider boldly increasing my positions. After the breakthrough of the fluctuation range in the next three months, it is expected that Ethereum will at least challenge the previous high of around 3,600. As for BTC, although there are currently no signs of a top, the formation of a market top takes time, usually at least a three-month cycle. The BTC rally at the beginning of this year started from October last year and did not reach a top until March, and if this round of the market follows a similar pace, the first stage top may appear around mid-January next year.
However, after the correction, it may also be a more crazy upward stage. Therefore, try not to miss the opportunity at the beginning of the bull market, and be bold when entering the market during the correction.
As for Altcoins, the recent performance has been somewhat unsightly, with Ethereum's volatility being more severe, and many Altcoins are synchronized with BTC's trend. Fortunately, the mainstream cryptocurrencies have shown a rotation and catch-up trend, with ADA taking the lead, followed by LTC and XRP also catching up. When the smaller Altcoins have also completed their rotation and catch-up, the market may turn its attention to some new projects.
Currently, the focus is that if Ethereum retreats to the 2,800-3,000 range, it can be considered to buy the dips, while BTC needs to closely monitor the support around 85,000. The outflow of capital needs time, and the market adjustment will not end so quickly, so it is bold to enter the market during the correction.
The bull market is here, brothers, come and gather!
Finally, there is actually a lot more that hasn't been written, such as specific opportunities and specific decisions, which are often not something that can be summarized in an article.
If you want to know more about the wealth code, or if you have any doubts, follow the public account: Caijing Dongchen
However, after experiencing these fluctuations, many Altcoins have returned to their previous starting points, which undoubtedly has been agonizing for many medium and long-term investors. The risks and returns in the market often coexist, and in order to achieve ten-fold or even hundred-fold returns on Altcoins in the future, one must endure the pain brought by these corrections.
Personally, I previously had some profits at the level above Ethereum 3,200, and today I have started to gradually re-enter some positions. If there is an opportunity to break below 3,000 in the future, I will still consider boldly increasing my positions. After the breakthrough of the fluctuation range in the next three months, it is expected that Ethereum will at least challenge the previous high of around 3,600. As for BTC, although there are currently no signs of a top, the formation of a market top takes time, usually at least a three-month cycle. The BTC rally at the beginning of this year started from October last year and did not reach a top until March, and if this round of the market follows a similar pace, the first stage top may appear around mid-January next year.
However, after the correction, it may also be a more crazy upward stage. Therefore, try not to miss the opportunity at the beginning of the bull market, and be bold when entering the market during the correction.
As for Altcoins, the recent performance has been somewhat unsightly, with Ethereum's volatility being more severe, and many Altcoins are synchronized with BTC's trend. Fortunately, the mainstream cryptocurrencies have shown a rotation and catch-up trend, with ADA taking the lead, followed by LTC and XRP also catching up. When the smaller Altcoins have also completed their rotation and catch-up, the market may turn its attention to some new projects.
Currently, the focus is that if Ethereum retreats to the 2,800-3,000 range, it can be considered to buy the dips, while BTC needs to closely monitor the support around 85,000. The outflow of capital needs time, and the market adjustment will not end so quickly, so it is bold to enter the market during the correction.
The bull market is here, brothers, come and gather!
Finally, there is actually a lot more that hasn't been written, such as specific opportunities and specific decisions, which are often not something that can be summarized in an article.
If you want to know more about the wealth code, or if you have any doubts, follow the public account: Caijing DongchenSector:
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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