The price has returned, but the money in the leek account has decreased a lot
After yesterday's rise, the big coin has returned to the price after the U.S. stock market closed last Friday, currently above $59,500, falling, but it seems like it hasn't fallen.
It's just that the price of altcoins is much lower compared to Friday. The most miserable thing about trading is to make aggressive moves, the price remains unchanged, but the money in the account is gone. Clearly working hard to make money, but the result is losing money.
Saturday and Sunday have instilled in the small leeks the habitual thinking of shorting on rebounds. The market from yesterday to now has given a lesson to those who trade based on patterns, accurately grasping every kind of leek. Being a leek is really difficult.
Why start reminding to build positions and buy?
Several points:
1. Maintain your own rhythm. The experience of several bull and bear cycles tells me that the time has come;
2. The adjustment of the market has reached the point;
3. I saw various media reports on bearishness and selling, and most of the market is still immersed in bearish sentiment;
4. The pullback before the non-farm payroll and interest rate cuts has occurred, and the decline has weakened. It is important to maintain a keen sense of smell before major data and events;
5. The current position for building positions has a very favorable risk-reward ratio;
Can Bitcoin return to $60,000?
The end of August to early September is the time to enter the market! Currently, this range is completely correct.
The market's anxiety has reached a certain bottleneck, and it's time to take action at this position. When everyone is about to lose patience, the market will come!
Today, Tuesday, it is expected that there will be an upward shock in the market this week:
Some individual altcoins will have independent trends. Bitcoin is currently around $59,000, and ETH is currently around $2,500. After stabilizing here, they will continue to break through.
Today's market analysis:
From the candlestick chart, the 1-hour and 4-hour trends are upward, the 12-hour trend has just risen today, and the daily chart has a signal to stop falling. The intraday resistance is at $61,200, and the support is at $57,200.
Pay attention to the vicinity of $64,000 on the daily chart. As long as this position is stabilized, there will be a subsequent takeoff. Currently, it is still in a shock adjustment phase, and attention can be focused on the relevant Bitcoin ecosystem.
At a time of extreme market pessimism, opportunities often arise!
Regarding the overall market, today I will share a very simple and easy-to-understand principle with everyone. If you understand this, you won't be anxious at all.
Regarding the current trend of the overall market, if the future is bearish or the current is a bear market, then after the decline on August 5th or August 15th, there will be any rebound, and the market will instantly plummet. The reason is simple: a decline from a high position prompts profit-taking.
But this is not the case at the moment. Instead, it has been testing support at high levels and then rebounding. Each time it is pushed down, it quickly rebounds. It is obvious that this is not the trend that a bear market at a high level should have. So, after the consolidation ends, there is only one direction, which is up!
Today is September 3rd, saying it again, the market is slowly recovering, and the altcoin market is about to come!
In the cryptocurrency industry, if you want to seize the opportunity of the next bull market, you need to have a high-quality circle, where everyone can huddle together and maintain insight. If you are alone and find that there is no one else, it is actually very difficult to persist in this industry.
If you want to huddle together or have any doubts, you are welcome to join us - WeChat Official Account: 有币志青年 (AICoin Youth)
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