September 8, 2023 Grandpa checks in
Bitcoin rebounded back above 26,000, but it was just a small rebound. There is no trend of further strengthening. This short-term trend shows that the support strength of 25-26,000 is still sufficient. I have built some positions at this position, including some recent short-term coins and medium- and long-term layouts. The buying points are all good. You can see my previous Weibo for details. Of course, as long as Bitcoin has not recovered the lost ground, where this wave of volatile trend will go next is still full of uncertainty, because with the volatility of the market, the support strength of the lower pin price of 25,000 will become weaker and weaker.
In fact, for some small coins, it is difficult to make too much profit in the short term in my strategy portfolio. Even if we have a layout, we may only have a few positions, and then when we encounter a coin that has soared, we can take out some principal and get some low-cost chips. In my opinion, it is not easy to understand the main idea. Secondly, it requires sufficient professionalism in position operation, including strategy and psychology. Some people can indeed make a profit through trading, but most people lose money. Therefore, if you also feel that you are not a professional trader, you should have a more peaceful attitude towards the short-term soaring coins.
Recently, I have seen a lot of large withdrawals of Ethereum from exchanges on the chain. In addition to some short-term trading, it is also possible that some institutions have begun to hoard coins at this price. In the long run, the value of Ethereum is still worth looking forward to. Now Bitcoin is the king in terms of market value, but more than half of Ethereum projects and ecosystems are basically built around Ethereum. Whether it is an innovative layer 1 project or the development of L2, in my opinion, they are silently empowering Ethereum. Therefore, the current value center of the B circle is still Bitcoin and Ethereum. In the long run, you can start with the right price.
The bear market has lasted for more than a year. I have seen people leaving the market one after another. Those who have been able to hold on, in my opinion, either really believe that the market will have a bull market again, or have mastered certain survival methods. At least, the market has not broken your heart. However, it is more important not to waste a bear market. At 8 o'clock tonight, as a friend, I will talk to you about my views on the current market and the next operation suggestions.
Click the link to join the meeting, or add it to the meeting list: https://meeting.tencent.com/dm/hK8uzEu4sSuJ
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Thanks for attention.
