Ethereum is indeed underperforming; many altcoins haven't dropped below their weekly lows from August 5 last year, yet Ethereum keeps breaking down.
I have some positions in Ethereum, and I've been disgusted as well.
But since I've allocated it, I can only hold until the later stages of the bull market, waiting to sell when the market is collectively at a high, rather than switching positions at a low.
After all, everything will rise in the later stages of a bull market; it’s just a matter of how much.
Once the weekly chart shows a U-shaped reversal, I predict that in the later part of Q2, if there’s a second bottom, it might lead to an early U-shaped reversal.
If there’s no second bottom, it will likely be range-bound for 2 to 3 months.
Rushing to respond to the market often leads to chasing highs and panic selling.
Any investment made without proper planning or layout will come at a heavy cost; hasty buying and panic selling can result in severe losses.
You must take the opposite approach to the masses.
Whatever the crowd is responding to, you should respond in the opposite direction; the general public is always our biggest opponent.
Increased expected returns are generally achieved through declines.
Risk control is always the top priority; if you cannot control risk, making a lot of money along the way can still lead to losing it all overnight.
We should only buy when the price-to-performance ratio is very high.
#白宫首届加密货币峰会 #芝商所将推出SOL期货 #币安盘前市场上线RED $BTC
