We are currently in a deep bear market. There is no hot spot in the market and there is almost no fluctuation in mainstream varieties. Bitcoin hit a high of 25940 yesterday and a low of 25781. Today should also be a volatile day, with 26000 pressure above and 25700 support below. Ethereum hit a high of 1637 and a low of 1629 yesterday. ARB hit a high of 0.293 and a low of 0.8943. The market is too weak, so it is difficult to confirm that the current position is the bottom. Maybe next week CPI will have another deep spike. Therefore, when participating in transactions, it is still better to focus on defense. Hold the spot and ignore short-term fluctuations. Be sure to have a stop loss for the contract!
One third of September has passed. The worst result is to endure another twenty days and welcome the National Day holiday. The next focus in September will be the CPI data on the 13th and the interest rate hike data on the 21st to see whether they will activate market liquidity. Today the market has made another small downward move, so in the current situation of extremely poor market liquidity, contracts must have stop losses.
There is no market that only falls and never rises. Wait patiently for the counterfeit to turn its bad luck into good luck!
Wealth is the realization of cognition. Many times we cannot understand it and it is too late. The current wave of dividends is definitely an opportunity for our generation of young people to achieve class leap. As more and more institutions enter the market, the opportunities left for retail investors will only become fewer and fewer. Therefore, we who are currently in a deep bear market need to get through it so that we can be more at ease when we experience such a market again in the future!
The recent market is stable enough, and the main players manipulate many small-cap alts. Starting from #CYBER, there have been a lot of alts like TRB, LPT, #PERP, etc. Here I will tell you the routine to avoid pitfalls as much as possible. In fact, it is very simple. The main players first buy a large number of spot chips at the bottom, and then gradually buy a large number of long orders in the contract market. In the process of pulling up the spot, they continue to receive goods, and finally master the pricing power of the spot market, and then gradually pull up the low-level long orders, and finally complete the harvest. There are two ways to harvest. One is to directly close the long position in the contract market, so we often see the contract price inverted. The other is to continuously eat the funding fee through high-level sideways trading, forcing the short contract to close its position.
This kind of coin will have several characteristics when it is manipulated by the main players, such as the continuous growth of contract positions as the price rises, and eventually the contract positions even exceed the circulating market value. The spot has been sideways or fluctuating at a low level, and then when it rises, it will increase in huge volume, and the main players will further collect spot chips to control the pricing power. In fact, no matter how clear our analysis is, the main players are always the active party, because even if they know that this kind of coin will eventually fall back, they dare not short it easily, because the high position may rise while there is also the trouble of funding rate.
Judging from the recent trading situation, the current market trading volume is indeed extremely sluggish, and retail investors are very less enthusiastic about participating, especially in the spot market. It is precisely because of this that the main force has the opportunity to collect a large number of spot chips, because in this trading method, mastering the circulation of spot is the key. Maybe a token with a market value of 50 million does not require 50 million in trading funds. Market sentiment is the most intuitive manifestation of the bull and bear market, which also indirectly shows that the current market is indeed a deep bear market.
Let's talk about the big cake. It has been sideways at this position. Since this time it is sideways after 30,000, we generally tend to regard it as a downward relay. However, there will be potential buying near the price of 25,000, so the risk of short-term decline is not great. However, as the sideways trend continues, the next market will definitely rise or fall sharply. In this case where the direction is not clear, my opinion is to wait and see. The positions that should be filled at this position should be bought boldly. Don't be greedy or afraid of missing out. We can operate again when a new direction emerges.
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.
