After all, the big cake has held up at the 25,000 level. At present, the voices in the market are also seriously divided between long and short positions.
Many brothers are confused and don’t know what to do. Here is my point of view: you can start the fixed investment mode now, don’t blindly short your position! There is a high probability that there will be another wave of local market in the future! The reasons are as follows
1. Technical aspects
First of all, we can see that below 25,000 is the chip collection area of the main force of this bear market. Every big drop will form a strong rebound here. If there is no heavy black swan, it is difficult to break through here. Secondly, the area between 25,000 and 30,000 is the vacuum area where the previous bull market started, and it is also the vacuum area where this bear market fell. The main force will definitely make repeated efforts between 25,000 and 30,000 to clean up the chips in this area.
Moreover, both Bitcoin and Ethereum have shown signs of weakening at important support levels, and it is difficult to break below them in the short term. At the same time, on the 27th, Bitcoin's 4-hour line broke through the shock range with large volume. After the weekly and daily lines have shown signs of bearish weakness, the 4-hour line has shown such a situation, which is an important pin test signal!
2. Data indicators
At present, the production cost of mainstream bitcoin mining machines is about 20,000 dollars. From this analysis, 20,000 is a strong price support level for bitcoin. In the past, the mining price rarely fell below it. At present, the Ahr999 index is 0.41, which is a good price range for fixed investment in BTC and ETH. From a historical point of view, as long as the 9 God index reaches the bottom-hunting area below 0.45, you can buy it with your eyes closed, and you can't go wrong! It is the bottom range, and the price difference is not too much!
Although Brother Feng has always believed that Bitcoin will go back to around 2W before the bull market begins, but for Bitcoin that is expected to break 10W in the next bull market, is there a big difference between buying it at 26W or 20W?
Just like the bitcoin price that rose to 69,000 in the last cycle, is there a big difference between buying it at 3,000 and 4,000? Not much! The only thing to worry about is that you don’t dare to buy at the bottom area!
We are here to make money, not to compete with the market, let alone to show off how accurate our judgment or how wise and powerful we are.
Follow the market! Don’t subjectively set a top or bottom price for yourself. Buy when it has bottom characteristics and sell when it has top characteristics. It will be difficult to lose money!
Brothers who have been shorting, you can start buying! Don't miss the big market because of your stubbornness. At present, Brother Feng has 5 layers of positions, and the subsequent positions will be fixed according to the time and space dimensions until the bottom signal appears!
If there is an obvious bottom signal, then all the remaining funds will be put in! I will also notify you at that time, remember to pay attention to Brother Feng!
By the way, now that it’s time to buy, what should I buy?
Currently, the exchange rate between Ethereum and Bitcoin has reached a relative position, and a large number of altcoins have been falling for a long time since the peak in March. In the later period, Ethereum is expected to lead the altcoins to launch a counterattack. If your choice is altcoins and you can't choose the right variety, then just buy Ethereum.
Now a large number of high-quality copycat stocks have met the conditions for purchase, but it does not mean that you can go all in at once. Instead, you can find high-quality ones and buy them slowly in batches during each pullback!
Many people fantasize that the overall value of copycat stocks will drop another 95%. I want to make it very clear that this is pure nonsense.
Just like the price of pancakes won’t drop by thousands of dollars, the price of knockoffs won’t drop by another 95% from this level.
There are two types of greed. One is that the bull market has already risen by more than ten or dozens of times, but people still fantasize about it rising several or dozens of times more.
The other is that the big bear has already fallen 98%, and still fantasizes about another 98% drop. (Tugou, stand-alone garbage copycat is indeed possible)
The former ends up being trapped at a high level, while the latter ends up being completely empty-handed.
When the Shanzhai stocks were at their peak in March, many people were greedy and fantasized that the bull market would last until June. They would not listen to Feng Ge’s advice. At that time, they were told to clear out Shanzhai stocks and exchange for big cakes every day, but they would not listen. As a result, they were beaten by the main force. Now, when gold is everywhere, they are afraid to squat and pick up money because of lack of kidneys. This may be the reason why many retail investors lose money.
Okay, that’s all for today. Remember to follow Brother Feng’s pace. Can Brother Feng still make you lose money?
