Old Cui says about coins: Is the space below Ethereum completely opened? Is a bear market coming?

CN
2 months ago

The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui talking about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome everyone's attention and likes, and reject any market smoke screens.

Affected by the war, Ethereum has basically been declining by hundreds of points daily, with the latest low reaching around 2350 in the early morning, and it still has the ability to further explore the bottom. During the daytime, everyone doesn't need to worry too much; the Asian market and the European and American markets form a strong contrast, with the daytime recovering and the evening starting to plunge. The impact of the war will definitely continue, especially with the statement from the U.S. president that Iran will pay a price. This statement basically formalizes the situation in the coin circle; no one can escape the impact of war. I hope everyone can be clear that the positive impact of war on the coin circle is actually not significant. The war between the U.S. and Iran will not cause miners to be unable to mine or lead to a large number of coin friends being liquidated; these two countries do not have much impact on the coin circle. Why is there a temporary decline in the coin circle at this stage? This must be attributed to the aspect of capital. Once the war starts, everyone knows that commodities, energy, and gold will be very strong, as proven by the Russia-Ukraine war.

The fundamental reason for the decline in the coin circle is not that everyone is pessimistic about this market, but rather the withdrawal of funds and the transition to other investment areas. This choice is not a big problem and is a very wise one. The current recovery strength will definitely not create any new highs again; whether in a bull market or a bear market, it will give way to the war. Since the U.S. started credit currency, the underlying logic of the financial market has been linked to the credit of various governments. Any slight disturbance can lead to a massive outflow of funds from the coin circle. Undoubtedly, a large amount of assets from various countries is indeed being transferred to our domestic market, as it seems that Chinese capital has become a safe-haven asset. Seeing Lao A grow so vigorously, Lao Cui is very pleased. Although the current momentum in the coin circle is completely opposite, I am indeed genuinely happy. At this stage, what spot users need to do is to wait for a long time. Losses and exiting are never things that spot users should consider; they are issues that contract users should think about.

With nearly 300 points of downward space opened up, it is finally your turn, contract users. Remember one thing, do not touch small coin contracts. The contract methods and volatility frequencies of small coins are not something everyone can grasp. Most users who lose money and exit are basically due to massive losses in altcoins. If you want to short, contract users can indeed try in the short term, but short positions should not be held overnight. The only way for everyone is to stay up late to watch the market. During the day, the focus should definitely be on long positions. Today's daytime trend is very obvious; after hitting the bottom, it will definitely start to recover. The market must stabilize in the 2430-2450 range during the daytime for there to be further upward space. If it cannot stabilize, the short-term bearish situation will not reverse, especially with the need to pay attention to the Middle East situation. It is found that the impact of the war on the coin circle will increasingly expand. As long as there is any disturbance, the coin circle will definitely face another wave of downward space. Only when the impact of the war is completely eliminated can the bull market remain strong. In a way, this is also a good thing for the coin circle; always believe that good things are about to happen.

Many contract users will indeed be affected by their mindset at this point. Contracts are like this; to accept their rich profits, one must also accept such huge risks. Many users have a relatively shallow understanding of contracts, mostly believing that contracts do not require much capital. Most users operate under the premise of small bets for big gains. Under the influence of this mindset, it leads to neglecting the huge risks involved. Rushing into the market impulsively will only end in losses, giving excuses to unfavorable circumstances, blaming bad luck or unfavorable timing. They have never faced themselves. The risks of war are something Lao Cui talks about almost every day. Only after it happens will everyone suddenly wake up. Do not let yourself fall into a passive situation. For those of you who are stuck in positions, the daytime is the best time to relieve your positions. If after the recovery it cannot stabilize at the points we mentioned earlier, you can directly discard it. After stabilizing, it is best to ask Lao Cui about the future trend and whether you can continue to hold. If you cannot continue, directly abandon and side with the bears. If you want to earn back previous losses, you must wait for the next round of military attacks. Once the war starts, it is your opportunity to reclaim your wealth.

For many friends who want Lao Cui to provide a specific entry time, I indeed find it difficult to grasp this timing. Under the influence of war, financial analysis is naive. Finance is only a small part of influencing the war situation, and moreover, Iran is not monitored by the world financial system; it is an independent entity. Israel is even more subject to public criticism. Lao Cui is a normal human being, and I cannot predict their next moves. Literally, the U.S. will definitely launch retaliatory actions. This point may allow Lao Cui to seize the opportunity to enter the market. If you also want to enter the market, you can chat with Lao Cui. Timing is fleeting. If you have any information in this regard, you can also share it with Lao Cui. For users who are unsure about the timing of entry and do not know how to relieve their positions, you can directly ask Lao Cui. Rest assured, it is all free advice. If there is anything you do not understand, you can leave a message directly, and Lao Cui will reply to everyone. At this stage in the coin circle, the lower space has no bottom support and will only go lower. If you want growth, it depends on when the war stops or if there is news of reconciliation.

Original article created by: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui's message: Investing is like playing chess. A master can see five, seven, or even more than ten moves ahead, while a novice can only see two or three moves. The master considers the overall situation and the big picture, not focusing on one piece or one area, aiming for the final victory. The novice, on the other hand, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, resulting in frequent entrapment.

This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!

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