The world is bustling, all for profit; the world is bustling, all for profit! Hello everyone, I am your friend Lao Cui Shuobi, focusing on the analysis of cryptocurrency market trends, striving to deliver the most valuable market information to the majority of coin friends. Welcome the attention and likes of the majority of coin friends, and refuse any market smokescreens!
Yesterday, I also mentioned that the May Day holiday would bring about growth in the surrounding areas. Both contract and spot users thought it was due to the holiday, but everyone's thinking was too superficial. In the coin circle market, there have indeed been several instances of growth trends occurring with the arrival of holidays. These issues are not caused by our festivals; the previous bull market was also initiated during our National Day holiday. The current round of growth is more attributable to the recent listing of ETFs in Hong Kong. It will at least break free from the competition for the 60,000 mark. For ordinary users, early positioning is indeed a good move. As the listing date approaches, it also forces everyone to enter the market more eagerly. In the short term, there will definitely be a period of pullback, and the impact of the listing will certainly have time differences. Before the funds are injected, the overall market will be in a state of fluctuation, and spot users can indeed seize this opportunity to enter the market.
As for the futures market, in the short term, it is in a phase of reaching a high and then pulling back. In the short term, the stop-loss point is definitely focused on short positions near 1000 points. As for the medium-term issue, everyone's consideration is more on the level of funds. Only with strong enough funds can one enter the market with long positions. If specific entry points cannot be grasped, you can consult Lao Cui. The listing in Hong Kong means that traditional Asian funds can intervene, but the current financial situation in Asia is not optimistic, especially the sharp drop led by the Japanese yen, hitting a new low in 30 years. Although our export volume can offset the overall impact, the impact on the funds in the coin circle is still relatively strong. Normally, the listing in Hong Kong can at least push Bitcoin, the leader in the coin circle, above the 70,000 mark and show a stable trend. However, in Lao Cui's estimation, this round of growth can set a new high, but stability still needs to be considered.
So everyone's positioning must be timely, and if there is profit, try not to be too greedy. While entering the market in batches, be prepared to withdraw at any time. USDT has been maintained between 7.3-7.4, which means that the overall market growth is within a controllable range. Even if there is a breakthrough to a new high, it is not possible to show a stable form. But the listing is definitely good news, and the halving effect of Bitcoin will have a delayed effect for us, possibly taking several months to spread to the coin circle. And this spread is likely to coincide with the arrival of the Fed's interest rate cut. With the combination of these two factors, it is very simple for Bitcoin to set a new high and stabilize. So until the listing news is officially confirmed, everyone can confidently engage in oscillating profits on both sides. The transmission of funds also requires a certain time difference to enter the market, thereby affecting the market trend.
In summary, the overall impact will not be too great, but it will cause fluctuations within our market. The focus for futures users still needs to be on the exchange rate of USDT for operations, and the long positions in ambush must be of small positions. Looking at the overall economy of Asia, the countries that can enter the market with funds are almost few and far between. There is no need to count on Japan and South Korea, and the user base in these two countries is also the largest in the coin circle. It is a bit of a pipe dream to rely solely on retail investors to drive the entire market. As for the later trend, we still need to look at our own actions. Although the user base in Hong Kong is relatively large, we will definitely not invest in the entire national policy. Therefore, the listing situation in this round is definitely not as good as the previous round when the Americans ate the crab. The listing by the Americans has raised the entire coin circle to a new level, and Bitcoin has surged from around 20,000 to nearly 30,000, and this round of listing is estimated to stabilize at this level, with the focus still on the issue of USDT and the intervention of Asian funds.
For all users, as long as long positions are trapped, the problem is actually not too bad. The best situation is to avoid getting trapped in short positions. Getting trapped in short positions may require time to coordinate for later unwinding. I believe everyone can clearly understand that it is better to avoid short positions in the short term. The momentum brought by the listing may cause short positions to be trapped. The current oscillating market is still something everyone needs to pay attention to. If short positions are profitable, it is best to exit, and long positions that are trapped can temporarily wait. (This is not to encourage everyone to fearlessly hold positions; overall, the trend is determined by the amount of funds)
Lao Cui's message: Investment is like playing chess. Masters can see five, seven, or even a dozen moves ahead, while those with lower skills can only see two or three moves. The masters focus on the overall situation, plan for the big picture, and do not prioritize individual moves or territories, but aim for the ultimate victory. Those with lower skills fight for every inch, frequently switching between long and short positions, only fighting for short-term gains, and frequently end up in trouble.
Original article created by the public account: Lao Cui Shuobi. Please contact the author for deletion if there is any infringement.
This material is for learning and reference only and does not constitute trading advice. Trading based on this material is at your own risk!
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