Mainstream currencies and DeFi both fell, the timing of market cooling is just right

Yesterday, the market jumped again, which is not a small wave, and it was a double jump in the mainstream currency market and the DeFi market.

I took a random screenshot of the DeFi sector last night. A decline of 20 to 30 points is relatively common. It is not surprising that this happens to DeFi. After all, there is no currency that keeps rising. Sixty to seventy or even doubled increases are not uncommon.

What's more interesting is that the big pie fell. It fell from 11,740 to 11,160 US dollars within an hour and a half at around 6:00 pm yesterday, with a liquidation of 380 million US dollars within 4 hours, and a liquidation of 538 million US dollars in the past 24 hours. It really made a lot of people uncomfortable in the market.

There are different opinions about the reason for this drop. Some people say that it is commemorating the "94" market in advance, and the third anniversary is about to come, so I came to Boda.

Some people also said that one of the three major exchanges used counterfeit coins to hit the market, because it went down directly when it fell last night, and network requests have been failing.

Anyway, as long as the currency circle falls too much and too fast in a short period of time, it is unanimously believed that someone is smashing the market, even if there is a certain reason, someone will take the opportunity to smash the market, so it is correct to think about it most of the time.

On the whole, the rhythm of the recent market is relatively chaotic. Not to mention the ups and downs of mainstream currencies in a short period of time disrupting the rhythm, the DeFi market is even more dazzling, almost every day.

Some people’s mentality has been broken. I saw a joke yesterday saying, “Now I don’t want to pay back, I hope all the coins will return to zero, including USDT, and they will die together with dozens or hundreds of times.” It should be said that this is Hatred of the rich or despair? After all, it is still a matter of mentality.

However, from the perspective of investors at the same time, such a mentality is indeed understandable.

During this period of time, many so-called senior big Vs in the currency circle have also been eye-opened by DeFi. They may have seen a currency that has risen sharply last night. After looking at the background, they definitely crossed this currency, and then the next day When I woke up in the morning and found that the currency had doubled, I could only silently remind myself to be in awe of the market.

And some ordinary investors can't keep their hearts, which is actually quite normal. The so-called mainstream currency in their hands can't lay an egg in three days, and the DeFi currency next door has doubled several times. No one can resist this temptation. So look around for opportunities to participate in DeFi.

But the problem is that most people's way is wrong.

When speculators see the rise in the price of coins, the first reaction in their minds is to buy coins, but they don’t know that your behavior of buying coins has prompted the early participants to make money. They just use relatively strong principal to mortgage mining, and then sell it to retail investors.

For example, maybe someone uses 100,000 RMB to mine, and you use 1,000 RMB to buy coins, and what they earn is your 1,000 RMB for buying coins. So you think, wouldn’t it be good if you just use the 1,000 yuan to mine? However, you can find that most of the projects that you think have opportunities are already in the mature stage, and you need strong funds to dig them. Your 1,000 yuan may not even be enough for the handling fee. Going to dig low-cost mines may not be able to find good projects, and in the end it is still going around in circles.

The rich get richer and the poor get poorer, which can also be well reflected in DeFi.

If you really want to participate, you should learn it first, use very little capital to participate, and do not seek to make money. You just hope to be familiar with this model. After you have more knowledge, you will naturally understand the routines. risk appetite to participate.

And for some investors who really do not understand and have no time to learn, we all hope to stick to our hearts and pay attention to the coins we are familiar with. If other coins do not rise, are you still not familiar with Bitcoin and Ethereum? It is not a shame to admit counsel in the currency circle.

Even if you see the currency next door that has increased by dozens of times, you are lucky enough to buy 1,000 yuan and it has increased by ten times, but the probability is so small that you can only buy coins through the three major exchanges. The purpose of listing on the exchange is to sell, so this is a paradox in itself. You can’t buy the coins that are really rising, and the coins you buy can’t rise.

In the investment market, we never look at the process, but the results. Even if you participate in a more exciting market and bluff all day, earn 50% today, but lose 60% tomorrow, you will still be doing useless work after a period of time, and you will not even have any capital.

On the contrary, in a market like Bitcoin, which seems outdated in some new leeks, it has tripled since "312", and Ethereum has increased by 5 times. If you can really eat it honestly, you can run The problem with winning 95% of retail investors in the market is that not many people can do it.

I still want to talk about the market drop last night. In fact, there were no particularly negative factors last night. Maybe the market didn’t want the market to break through so smoothly. But that’s fine. The market has calmed down temporarily today, including DeFi At last, none of the coins showed an exaggerated increase.

Such a drop is better than the so-called "crash". Even if it fell yesterday, there was no sound of panic in the market. Overall, it is of great significance to cool down the market.

The market has worked hard for a week and finally rose above the moving averages of all levels, and then fell back unreasonably. At present, it should be regarded as a range shock.

The current position is almost near the lower rail of the oscillating channel, and it has stabilized for the time being. However, the probability of further downward testing still needs to be considered within the day, mainly based on the support of the lower rail of the oscillating channel.

It can be seen from the hourly line that the market is still in the process of yesterday’s oversold rebound, and the overall rebound is not considered strong, which is why we need to be cautious. The current rebound is boundless, which means that the overall market sentiment is not ready to rise.

After rebounding to the 30-day moving average, it was temporarily resisted and suppressed. The probability of a volatile market that will continue to recover after falling today is relatively high. The more risky time of this week is tomorrow. After the weekend, whether it is the gold market or The U.S. stock market is closed, and there are fewer factors affecting the currency market. Therefore, in the past two days, we have paid attention to whether we can use yesterday's low as the support to form a trend structure that fluctuates or even rises.