Every market downturn is bound to be followed by fluctuations. Whether it goes up or down is determined by the market's long and short forces in the short term. But one thing is certain: the closer the current price is to the valuation range, the more worthy it is to increase investment, and it is worthwhile to increase investment heavily.
Recently, many fake coins have been operating independently in the copycat market, which reflects two situations.
The first one is that the banker wants to make a profit, and the market liquidity is insufficient. While generating a premium, he tricks you into entering the market to take over and provide liquidity to the banker!
The second type is that the dealer makes a profit while opening a short position. The premium is also derived from this, and the fee rate is also the same.
When the market forms such a picture, the rise and fall are completely controlled by the dealer. Don't think about the rate, the dealer's short order payment rate. Have you ever thought that the dealer also controls the spot market? The premium of the spot market and the profit of the contract market are enough to make up for the rate of one or two short orders.
In the current market, especially for low market capitalization, it is easy to have a short-selling market, a sharp rise and fall, and the spot is prone to a huge premium. We still focus on spot/leverage. There is a premium to get more. The leverage is generally 3/5 times the highest. You can play it as spot, and your mentality will be better! It is easier to get big meat!
The following points are worth looking forward to:
1. Ethereum upgrade in November 2023! Faster transactions and lower fees! Ethereum holders, this is a big plus! 🚀#Ethereum#Upgrade
2. A Bitcoin ETF may be approved in December 2023! Traditional funds are about to pour into the cryptocurrency market! Are you ready for new opportunities?
3. In April 2024, Bitcoin will be halved! This may be a signal for the start of a bull market! Production reduction, increased supply pressure, and prices may rise!
4. The Federal Reserve is considering cutting interest rates! If implemented, it will greatly improve the liquidity of the cryptocurrency circle! This is good news for investors!
Current market forecast:
Taking three months as the dimension, the market is bound to fall, because the current market is clearly bottoming out; taking one month as the dimension, the market may not fall. In the absence of sudden negative factors, the decline of the market must be a spiral decline, interspersed with various types of copycat markets (most of which are unpredictable). The spiral decline is due to the fact that there are many bottom-fishing players in the spot market and many long and short players in the contract market, which affect the market overnight.
For our reference: in terms of strategy, do not think that the bottom has been reached when there is a rebound, but wait patiently for further declines; secondly, when there is a large decline, you can buy in a small position and sell at a rebound. This kind of strategy is basically a sure win in the current market; finally, you should not start buying the bottom before the big bull market. I suggest you wait until the price of Bitcoin reaches 24,000 before you start investing. (The corresponding Ethereum and various altcoins should also be used as a reference)
The market has been fluctuating in the past few days, so don't panic, just mainly go low and long. As the number of days of fluctuations increases, the only difference is that the support will move slightly downward, and other operating ideas remain unchanged. Let's take a look at the positions of the big cake. The short-term support is 25,300-23,800. The first support will change slightly every day, but it is a strong support in the short term. Looking at the recent performance of individual coins, the probability of breaking through is very small, and the pressure level is 27,300-28,700.
Current hot currencies
1.TRU recommends entry position below 0.31
2.REEF recommended entry position 0.001420-0.001455
3. QNT recommended entry position 99.3-99.8
UNFI
Looking back, the price has increased by nearly 200% from the bottom to the present. The construction of the community has been developing in a healthy way. With the support of large orders, it is difficult to go down, unlike CYBER, 1YINC and YGG, which fall after a wave of pull! Up to now, I still think UNFI is very strong. No matter from a certain indicator or the matching volume, it is not the most powerful one in this round of small-coin rebound, but it is also an ant climbing a hill!
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.