Bitcoin has been volatile today, experiencing extreme market conditions. Despite a nearly 10% drop in Bitcoin, altcoins have performed relatively well, with no widespread sell-off, and some coins even rising against the trend.
Although NEIRO is not particularly strong and hasn't gone against the trend, during the rebound of Bitcoin and Ethereum, its rebound strength has been quite impressive, recovering today’s losses and even exceeding expectations.
We reduced our position near 0.00041 and then added back near 0.00035. As Bitcoin and Ethereum enter a corrective phase, NEIRO may rank high on the rebound list and could be the first to rebound. Positions can be reduced near 0.0004.
I’d also like to mention ACT. Once the resistance near 0.22 is broken and stabilized, there will only be strong resistance around 0.32 above. Today, we only sold a small portion of our position near 0.23 and continue to patiently wait for profits to expand.
METIS has also performed well recently, influenced by news. After reducing our position near 28.5, the suggested buyback position from Taco is around 23. Today's drop reached a low of about 23.9. Fans who have not yet added back can do so around this level.
The first order BB has been closed, with a profit of 1580u. Waiting for the US stock market to open before getting back in. If you're afraid of losing, how can you win?
Once upon a time, Ethereum charged upwards during the rise, but Bitcoin lagged behind. This weekend, a phenomenon that has not been seen for a long time appeared. Bitcoin's trend was weak, and it kept testing the support below. The support once reached the 95,000 mark.
On the other hand, Ethereum is particularly strong. The trend seems to be near the resistance of the 2800 mark. If it can continue to maintain such momentum tomorrow, it will be able to open the rising channel and start a new round of rising market.
NEIRO, which has fallen sharply, also became agitated with Ethereum. We reduced our positions near 0.00041. Now we can put the replenishment position near 0.00035 to reduce the cost of holding positions.
I vaguely remember that the last time the market came, the market was thriving, but at the Fed meeting, Bao, who always loves to speak Tai Chi, Will directly said something bad about the crypto market, which led to a sharp drop
From the trend and market sentiment, everyone thought that the market would start, but the hacker next door couldn't hold back and stole the market's heart of rising, which led to the stagnation of this round of rising and began to pull back
Now everyone must take advantage of the lighter rebound to take part of their positions, even if it has not reached their cost price. In the past month, we have been repeating this action and have achieved significant results. Everyone's chips are increasing. When the market really starts, we will be the first to eat crabs
The hemp rope breaks only at the thinnest part. This sentence is not too much to describe Ether during this period. Ether, who has just recovered, has just had a heart to climb upwards. It was stolen directly by ruthless hackers, causing panic in the market
After this incident, Ethereum's gains today have also been lost by more than half. Fortunately, it can now stabilize above the support near 2710. When bad news affects the market, the support is so vulnerable
NEIRO, which is closely related to Ethereum, also benefited from Ethereum today and had a good rebound. As a result, the 0.0004 mark was directly lost. Fortunately, when it was rising today, Taco timely let everyone reduce their positions near 0.000041. After this impact is over, choose to cover the position at the right time
The market is not absolute. Good market conditions and good trends are useless in the face of such black swans. Continuously selling high and buying low to accumulate more chips is a better strategy at the moment. Grasp the trend and seize every opportunity as much as possible
《Again scammed and ran away——Analysis of the current market》
The current market belongs to the success and failure of Ethereum. Ethereum rose against the trend in the past two days, bringing hope for the entire market to rise again, while the resistance near Ethereum 2850 is like a chasm that is difficult to cross. The lack of rising momentum has led to another round of decline in the copycat
From the past two days, the decline of Bitcoin is not large and can be fully digested by the market. At present, Bitcoin has reached the 94,000 mark and has shown signs of stopping the decline. The support below has gone to the old place near 92,800
There is only trade when the market fluctuates Only with the opportunity of the wave band, there is the opportunity to increase chips and reduce the cost of holding positions by selling high and buying low. This bull market is particularly unfriendly to impatient people and hot tempers, and will punish every trader who is eager to make achievements.
And those who have experienced this round of bull market, persisted to the end and won, are not only rich in material, but also better than ordinary people in the training of their own mentality. Although the market is difficult, Taco is willing to accompany everyone through this difficult time.
The overall market has, as usual, fallen into calm with the announcement of significant data. Today, it is showing a downward trend. After touching the 95000 mark, it has now recovered part of the decline.
Currently, Bitcoin seems to have support near the 95000 mark. After breaking below the 96800 support today, it has now become resistance. The upward trend has been disrupted, and there may be spikes during the market recovery process.
The Ethereum trend is similar; after recovering part of the decline, it has begun to show slight fluctuations, with support around 2580 and resistance around 2650. It is also a market recovery.
BNB seems to have broken through the resistance near 645, but just like Bitcoin and Ethereum, it will likely drop if they fall. One should not rush into the market. Those who are opening positions should also pay attention to the impact of the CPI data released around 9:30 PM.
Continue to pay attention to Taco. As soon as the data is released tonight, Taco will bring the latest news and their analysis to everyone. Wishing everyone a happy Lantern Festival.