This article is machine translated
Show original
BTC has already dropped xx from its rebound to 97,900.
Ethereum (ETH) continues to hit new lows, and even Sol has fallen below the lows of April last year. Sentiment is very low, and many are only now realizing that we are in a bear market. This pessimism, compounded by the recent sharp rise in precious metals prices, has exacerbated the pessimism among those trading in the secondary market. Observing the behavior of some novice investors in various groups, many are now saying that we are in a full-blown bear market. It's worth considering...
Why has BTC fallen from its high for so many days?
Having gone through the 10.11 attacks, it's only now that we realize the market is bearish. Now we're stuck with trapped positions, unsure whether to cut our losses. We want to open short positions but dare not chase the market. Many are starting to plan to buy the dips.
What approach and how should one respond to this market situation?
1. Don't rush to buy the dips unless you have your own trading plan. It seems the price hasn't fallen enough yet; observe whether it can hold around 69,000. If so, expect a rebound, as this is the high point of the previous bull market and also the weekly EMA200 from a candlestick chart perspective.
This range, in particular, deserves close attention if you're looking to make a rebound.
2. Focus more on primary market opportunities. There are still plenty of on-chain opportunities, offering high-risk, high-reward plays than gambling on market rebounds in the secondary market. I'd like to share some recent investments I've made in three new coin offerings.
Base's MOLT
It's been a long time since we've seen AI-driven storytelling that has broken into new circles.
Seeing this, 10M decisively and bravely followed suit, taking some positions, doubling their money and exiting at break-even, also capturing several times the gains.
Bsc's 4Ball
I just saw it after 1M, and it's the first Fourmeme coin, Dragon 1 + Anti-Flap
My first reaction was to immediately buy Binance Alpha, the new coin. $TRIA
The market opened with signs of a pump, so I bought $20,000 worth at 0.014. I didn't dare hold it overnight and sold it all before bed, taking a small profit of less than 50%. When I woke up, I found it had almost doubled. But I'm still satisfied that I could make money in this market. I'm not a PvP player on the blockchain all day, so I only see good narratives posted in other people's groups. If I happen to see one, I'll buy it. Even if I lose, I can learn from the experience and understand why I lost. I won't leave the market just because it's a bear market. If I come back, I'll easily miss the hot topics. I need to pay continuous attention to new narratives and products in the market and participate with small positions so that I can get involved earlier than others when new alpha opportunities appear in the market. For example, Ordi came out during a bear market. As for buy the dips, there's no need to rush. You can't buy at the lowest point anyway.
Dollar-cost BTC is the best approach for Bitcoin.
Excellent! You can still make money in this market.
You little brat, tonight's update is so dazzling it'll blind your hardened, large MC memecoin eyes!
From Twitter
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.
Like
Add to Favorites
Comments
Share
Relevant content





