The BTC market has stopped falling but has not stabilized, and we still need to pay attention to market risks
In today's currency speculation group, there is a joke that became popular, "When I was just speculating on coins, someone told me that all eggs should not be put in one basket; now I am included in every rights protection group.”
Behind the joke, isThe overall situation of the digital currency market is bleak. Since the beginning of this year, although the BTC market has experienced three waves of gains, rising from more than 3,000 US dollars to a high of 14,000 US dollars, overall, there is still a big gap compared to its historical high in 2017. The figure below shows the drop ratio of the current price of the top 20 currencies and the historical high price according to Feixiaohao’s statistics. Except for BTC, platform currency, and stable currency, the decline of other currencies is mostly above 80%, which means thatInvestors who entered the market at the end of the bull market at the end of 2017 and early 2018 basically suffered heavy losses。
"Don't put all your eggs in one basket", saysIn terms of investment, don't invest all your money in one project, but make diversified investments to spread the risk of failure of a single project. This is a problem of rational asset allocation in the traditional investment field. Investors choose appropriate investment targets and diversify their investments according to their own risk appetite and risk tolerance.
In the currency circle, this investment strategy is also feasible, but you must know how to be flexible. During the bull market in 2017, the income of altcoins was significantly higher than that of mainstream currency assets such as BTC. At that time, it was feasible to diversify investment and allocate altcoin positions larger than mainstream currency positions. andAfter entering a bear market, the strategy needs to become conservative, with the goal of stable asset appreciation, It is necessary to allocate large positions in BTC and stable coins, and the share of altcoins needs to be reduced.
therefore,
therefore,There is nothing wrong with the method and strategy itself, what is wrong is only our judgment and analysis of the market and our understanding of human natureOperation suggestion:
Operation suggestion:
BTC: In the two days of the weekend, BTC’s daily K-line has been positive for two consecutive days. You can see it as a weak rebound trend, but the amount of rebound is extremely weak, which meansThe bearish market pattern has not fundamentally changed, and we still need to be cautious and beware of sudden suppression by short sellers. At the 4-hour line level, the overall fluctuation is around 8,000 US dollars, the bottom supports the 7,700-7,900 US dollars range, and the first pressure above is 8,400 US dollars. Only when the volume can cooperate and stand firm at 8,400 US dollars, it means that the market will stop falling and stabilize, and then there will be hope to open up the upside space, and the upper part will be strongly pressed in the range of 8,800-9,000 US dollars.
ETH: Short-term rebound trend, the short-term support rose from 165 US dollars to around 170 US dollars, but the volume is not enough to support a larger level of rebound potential, the upper pressure is 180 US dollars, and the lower support is 160-165 US dollars.
LTC: The short-term sideways trend, the consolidation range is 50-60 US dollars, and it is not recommended to operate until it fails to effectively break through 60 US dollars.
BCH: The short-term weak rebound trend, the bottom range has risen from 200-210 US dollars to 220-230 US dollars, and 240 US dollars is still a short-term strong pressure position, which requires a large amount of energy to effectively break through.
EOS: In the short term, it continues to fluctuate in the range of 2.7-2.9 US dollars. The volume and price shrink and wait for the direction of the market. The upper pressure is in the range of 3-3.2 US dollars.
XRP/TRX: Small-scale shrinkage consolidation trend, XRP short-term strong pressure of 0.28 US dollars, TRX short-term pressure of 0.016 US dollars, before an effective breakthrough, wait and see.
ETC: In the short-term, the trend is consolidated in the range of 4.45-4.8 US dollars, the short-term pressure is 5 US dollars, the trend of the daily line level has not stabilized, and the operation is cautious.
Platform currency: following the fluctuations of the market as a whole, BNB is organized in the range of 14.5-16 dollars in the short term, with a strong pressure of 18-20 dollars; HT is organized in the range of 3-3.2 dollars, with a strong pressure of 3.4-3.7 dollars; The pressure is in the range of 2.3-2.5 US dollars; GT short-term support is 0.5 US dollars, and the pressure is in the range of 0.6-0.65 US dollars.
Altcoins: The overall trend is weak, and it is not recommended to catch up in the short to medium term. It is necessary to wait for the market to stop falling and stabilize before considering the layout.
