Review yesterday and today's market

Yesterday, after a decline in the morning and touching 1796, Ethereum began to fluctuate slightly upward. It is currently fluctuating around 1820. This position is also a chip-dense area, and it takes time to wash out and change hands.

Recently, many people in the cryptocurrency circle have said that there will be a big market on the 18th and 19th. I am still bullish in the short term. Friends who need specific points can join the group to communicate.

The market continued to rebound today, and the theme is still exchange rate repair. Traditional old altcoins also joined the ranks of strengthening, such as LTC mentioned earlier, and other varieties not mentioned, such as XPR, have all risen ahead of mainstream currencies. Today, the big cake fluctuated, with pressure at 27,300 and support at 26,850.

Yitai is slightly stronger than Dabing, and there is room for counterfeiting to perform. Counterfeiting has time to continue, and the focus is on the Hong Kong sector. For example, CFX ACH funds rotate to the secondary Hong Kong concept currency. Key MDT has already performed well. Lina can be paid attention to. The remaining OAX Cocos PHB is relatively weakly linked to RNDR. The June Apple conference involves VR board RNDR high

The judgment on the market remains unchanged. We are currently in the last wave of the bull market. FOMO sentiment may be triggered in the later period. Now we are just gradually moving away from the cost range. It is not yet the harvest stage. We can still be optimistic and exit the market in batches when we reach the predetermined position of reducing positions.

Here are some trading rules for you!

First of all, let’s not talk about how much money you can make, but make yourself survive in the investment circle. Many people ask why they can’t make money by speculating in cryptocurrencies. Because no matter how much money you make, as long as you don’t cash out, sooner or later you will lose it all.

Second: choose the right fish pond to catch big fish. Every year has its own trends, such as the ICO in 2017, the DAPP in 2018, the CX model coin in 2019, and transaction mining and mining machines in 2020. There will be transaction mining and liquidity mining in 2020, decentralized finance, and later DIF, GAMFI, NFT, Metaverse, etc. Basically, there are several hot spots every year. What you need to judge is to choose the right fish pond for layout while the trend is still there!

Third: Seize the opportunity to participate. Today is different from the past. You don’t have to worry about not having high-quality projects. Don’t invest in private projects, don’t play with Tugou community coins, don’t use high leverage, and don’t play with Ponzi-type blockchain projects. Funds will not be created out of thin air, they will only be transferred. Before the bull market comes, you must have projects that earn cash flow and buy low-risk high-quality chips in the secondary market. Many projects are overpriced, with a market value of hundreds of millions as soon as they open. In addition to having enough patience, you also need to pay attention to the project team’s token distribution, lock-up, release and other information.

Fourth: It is important to grasp the project's money-making cycle. In a bear market, if you don't buy at the bottom, buying at any time is equivalent to returning to zero. If it doesn't return to zero, it will shrink by 90%. So if you hold spot positions, you must choose projects with high liquidity and good depth to trade. If you make a profit, you must withdraw the principal. It is best not to hold more than 3 currencies in spot positions. Don't think that you can get the increase of each project, because your funds are too dispersed, and one profit and one loss is equivalent to no profit.

Fifth: Develop the habit of cashing out during a big market. When you have overcome fear and greed, you must clearly tell yourself that what you cash out is what you own, because all transactions must be cashed out eventually no matter who is involved.

Summarize

Now Bitcoin is in a range of fluctuations, and the big trend has not yet emerged. We can pay attention to the currencies in the L2 sector. I have recommended it several times. This is really an opportunity for ordinary people. I hope you can seize it.