Bitcoin has been fluctuating frequently. What should be noted in short-term trading? Is September an opportunity to buy low? How to buy low at the bottom?

CN
1 month ago

Last night, the U.S. stock market experienced a slight decline, which did not continue to drive the cryptocurrency market down. Instead, the U.S. stock market showed a rebound trend, slowly rising, which to some extent reduced the level of panic.

The overall market trend still remains volatile. In order to break out into an independent market, Bitcoin must surpass the 60,000 mark. Therefore, before it reaches this level, it can be understood as bottom probing and wide fluctuations.

Regarding the repeated "needle insertion" of Bitcoin, traders should pay attention to the following in the short term:

The main players are smart money. For example, they may insert the needle tonight, entering the market the night before and then taking action when the data is released.

The phenomenon of "needle insertion" occurs due to the rapid entry and exit of the main players. If the main players buy and sell normally and at a steady frequency, the "needle insertion" phenomenon does not occur. You rarely see it in a bull market with a one-way upward trend, right? Generally, it accumulates one or two major "needle insertions" in a month. After all, the main players also need to make money. In a bull market, frequent daily entry and exit can easily lead to losses.

The rebound on Monday afternoon and Tuesday morning was caused by the entry of the main players on Monday evening, and the "needle insertion" yesterday morning was caused by the exit of the main players. It was already warned during the rebound that it could be withdrawn at any time, so the "needle insertion" yesterday morning was not unexpected. As soon as "the needle is getting closer" was mentioned in the morning, it came down in less than half an hour.

Is September the best time to buy the dip? How to buy the dip at the bottom?

We cannot control the market, as it is manipulated by capital giants. We are just followers, going with the market. It's not scary to be trapped, because it's not just you who suffers losses, so you need to maintain a good mindset.

Instead of complaining every day, it's better to learn more, improve your understanding, and explore the knowledge points in this industry that you don't understand. There is still a lot for us to learn, not just about trading coins.

Don't be a fence-sitter; you need to have your own understanding. Otherwise, you will never make money! Other people's opinions are just opinions, at most they are references. You must have your own consciousness and behavior.

If you think the market has already bottomed out, then how to operate efficiently?

Since March 14, the market has been adjusting for nearly six months. The fluctuations during this period are not unfamiliar, but there is a key point that you cannot ignore:

The stock market often declines in September, but October often sees an uptrend!

So, although the decline in September may seem discouraging, it could also be the best time for you to buy in.

Altcoins are actually not falling much: It is obvious that the recent decline in Bitcoin has not effectively triggered panic selling in altcoins. Therefore, as long as Bitcoin shows a strong positive trend, the market and confidence in altcoins will return.

Pessimistic people may say that September will continue to decline, but optimistic people believe that this is the time for you to enter at a low price and prepare for the upcoming uptrend!

You need to know that, with limited funds, how you choose targets and manage positions directly affects your profit and loss ratio. This is crucial.

Remember, precise selection and strategic management are the secrets to success!

With the interest rate cut in September and the arrival of Q4, I think we don't have many opportunities left for bottom fishing. Everyone should cherish them.

In the cryptocurrency industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle, where everyone can huddle together and maintain insight. If you are alone and confused, it's hard to survive in this industry.

If you want to huddle together or have doubts, feel free to join us - WeChat Official Account: Youthful Coin Enthusiasts

Thank you for reading. If you like it, please give us a thumbs up and follow us. See you next time!

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink