Next operation idea: Bitcoin is trading sideways at a high level, and the proportion of altcoins is slowly rising, but the increase is not large, indicating that there are still a lot of funds waiting and watching.
It is obvious that this bull market is different from the past. In contrast, the funds in the current market tend to be more conservative and rational, and there is no "brainless rush" into hot spots like in the past.
This shows that most of the funds are still in the hands of the elderly (old people in the currency circle)
Ordinary investors are also more cautious than before. Once they smell something bad, they will choose to reduce their positions, which will cause the market to feel that the upward trend is not strong enough.
So next, before the macd indicator of btc's high sideways trading returns to normal, it will still be low or wait and see. Secondly, because it is not healthy to continue to rise but not have a slightly larger and deeper correction, this does not mean that we should wait and see. Short, but if it continues like this, I feel very panicked. There is no opportunity to enter the market, and there is no larger correction. If the low leverage of altcoins is not removed, it will be difficult to have room for substantial gains, and the essence of making money is Sell high and buy low, saying I won’t take the risk anymore.
This is also the reason for gradually reducing positions recently. Only by holding on to profits and taking good care of yourself can you seize future opportunities.
The above are just my personal feelings about the contract trading market. As for spot prices, although various media are promoting new coins, I personally feel that it is not suitable for novices to follow the hype. The market value is ridiculously large. I do not recommend becoming a taker, but choose yourself. For coins that are promising, have a low market value, and are working on projects, it is best to hold them for the long term if they are not yet listed on Binance.
