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Bitcoin surges! The bull market is coming! How to achieve a surge in wealth during the alt season?
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These days, the market trend has been shocking, and it has been a long time since such a lively situation. Especially, BTC has pulled out a super green candle, and many investors were caught off guard. Some were unable to get on the bus in time, and some regretted being liquidated due to leverage. Whether it is a big rise or a big drop, the market always attracts attention. The BTC daily chart shows that the pressure level above is around 68,000, and the support level below is around 65,000 to 64,500. From the current form, the market still has a lot of upside potential.
Today's surge was really unexpected. Originally, due to the military exercises in the East and the tense situation between the TRON and South Korea and the United States, it was expected that investors would choose to wait and see, and the global financial market would be affected, with sideways shocks or a slight decline. However, the market has once again proved that the manipulators' methods are unfathomable. The sharp rise today is very likely the layout of the manipulators in the East, who quickly transferred to the crypto circle after harvesting the funds of retail investors in the A-share market, pushing the market to a high point without leaving any opportunity for correction. The purpose of the manipulators is to create a strong bullish sentiment, so that the retail investors who missed the opportunity will panic and blindly chase the high.
From the perspective of form, there may be a slight pullback or sideways shock today, but the bullish force in the market is still strong, and the possibility of continued upward trend in the short term is high. If the market continues to rise in the next few days, many retail investors may find it difficult to resist the temptation of getting rich quickly and rush in to chase the high. At this time, the manipulators will gradually distribute their chips, and after the chips are dispersed, the market will usher in a rapid decline, and the manipulators will complete the perfect harvest. The cost of the military exercises in the East may have come from the hands of these crypto retail investors.
From a long-term perspective, BTC is still in the middle of an upward trend and has not yet entered the high-risk area. This wave of rise is likely to enter the real risk area around 70,000. Currently, between 66,000 and 65,000, the bearish force is relatively large, but it has not yet entered the final stage. At this time, the risk of opening a short position is very high, and it is suggested that if investors have already made a profit, they should take profits as soon as possible to avoid being "blown up" by further upward movements.
Each time in the market, the retail investors who suffer the most serious losses are often not when the market crashes, but when the market is in a sustained bull run. The excitement and greed of market sentiment often make people lose their judgment, and many retail investors, driven by this emotion, choose to chase the high at the top, and even use high leverage, the result may be being trapped at the high or directly liquidated. Therefore, the hotter the market is, the more you need to stay calm, pay attention to the risk at all times, and avoid being led by the market sentiment.
Now, the second half of the bull market is coming, and the season of Altcoins is about to begin. The account balances of many investors may increase several times in the next few months. However, if you cannot accurately judge the end of the bull market, the money you have earned may only be a number on the account, and you may face losses when the bear market comes. Especially in the climax stage of the bull market, the funding rate becomes an extremely important signal. If the funding rate is abnormal, it means that the bull market is about to end. A healthy rise needs the funding rate and the long-short position ratio to gradually increase, so that the market can have enough capital support to maintain the momentum of the bull market.
The end of the bull market is often accompanied by the frenzy of the market. Altcoins soar, market sentiment is high, and even some "grandmas" who don't usually pay attention to the market will enter the market. At this time, investors should closely monitor the funding rate and the upward trend of the market, capture these abnormal signals, and adjust their positions in time to avoid major losses when the bull market ends.
In summary: The darkest time has passed, and many people think that the big meal has been eaten halfway, but in fact the good show has just begun, and the real big trend is still to come.
Finally, there are still many things that have not been written in, 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, please follow the public account: Dongchen Navigation.
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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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