[Why is it said that after the market pulls back and rebounds, it will not hit a new high immediately? 5.9w may not be the bottom! But altcoins have an opportunity! 】
1. Emotional repair takes time. A sharp drop of 10,000 points, the greed index plummeted from 90 to 75, and it will not be completely restored in the short term. Especially when facing the 6.9 epic point, a stronger consensus is needed.
2. There has been a continuous month-long increase, with almost no decent consolidation in the middle. The 50,000-6.90,000 chips are not strong. If you want to break through to a new high, you must have a solid bottom, which requires more changes of hands and chips to consolidate the bottom within 6.9.
3. Based on the above, we gave in the early trading that the market will form a shock range of 5.7-6.7 in the short term. In this range, it will trade sideways, with the first support level at 5.9w, the second support level at 5.7w, and the worst The target is the third support level near 5.3. It will continue to test the pressure level of 6.9w upwards, and after the breakthrough is established, the new pressure level will be 8.2w.
4. Regarding opportunities for altcoins: The market has been sucking blood recently. If the market moves sideways, funds will overflow to altcoins, and sector rotation will usher in a new chapter. Pay attention to the Ethereum L2 layer, Gamefi metaverse and chain games, LSD liquidity staking and other sectors that have not been rotated in the early stage.
5. Operational suggestions: Insist on spot being king, insist on long-term currency holding, and insist on buying big when falling. Remember all contracts, remember to change positions frequently, and remember to chase the rise and kill the fall. Keep these in mind, the bull market will start at least 20 times.
★Pay attention to new strategies, and the best investment strategies will take you to share the bull market feast!
