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The market at six o'clock today witnessed a dramatic scene. For me, perhaps it's a happy day because the little brother mentioned earlier who was borrowing money to survive by playing contracts finally broke even.
I'm used to seeing this kind of needle. If you see it more often, you will know that this situation is really common. In a bull market, there are many Long Wick Candles, it's good to wash and be healthier!
What are you panicking about? You don't even have BTC 😂 But if you open a contract, it's hard to say 😔 I have always emphasized that it is easy to make money in a bull market, but if you don't have enough risk awareness and operational skills, you will lose money faster! Everyone, study the two pictures carefully, can you find the difference? What does it represent? Think deeply about it.
Many people who enter the crypto world mistakenly believe that those who can hold BTC are only fortunate, especially the early evangelists. After years of experience and contact, it has to be said that most of these people have higher education, strong mentality, decisive action, independent thinking, and strong pressure resistance, which are qualities that most ordinary people do not possess. Whether BTC will really rise to 1 million in the future or not, they are fully deserving of such wealth, so I want to learn from them and emulate them.
I don't know if you have noticed that when BTC flash crashed today, most AltCoins did not follow the decline. So this signal is already very clear, the full recovery of the altcoinBull Market is really here! But remember, it's not all AltCoins, but most of the high-quality AltCoin varieties.
The non-farm payroll and unemployment rate of the beautiful country will be announced at 9:30 later. This data is indeed crucial. I estimate that there is a high probability that there will be no more consecutive big dumps tonight. If there are consecutive big dumps again, the impression of the crypto world on outsiders will truly become a world-class slaughterhouse.
Take a look at the market data, currently the indicators of BTC on the 1-hour and 4-hour levels are both recovering, and the recovery speed is also very fast. Boldly predict that no matter how the data is tonight, BTC will not suffer from a big dump again, but is likely to usher in a big pump.
As for other alts, it depends on the release of data. If non-farm data is good, indicating a strong economy, the probability of the Fed cutting interest rates in December is low. This also means that the market trend may turn bearish, and alts are likely to experience a short-term pullback. For medium to long-term frens, there is an opportunity to increase the position.
As a short-term fren, the recent trends of many high-quality AltCoins are actually relatively easier to trade compared to October. There is a daily fluctuation of about 10%-15%, and a pattern of falling at night and rising during the day has emerged since December. In a deeper understanding, you can think of it as the big players dumping, or you can understand it as the big players distributing chips. At a time when the risk is not very high, while holding medium to long-term positions, appropriately making small positions for short-term trading of the assets you hold can increase your market sense and prepare for future exits.
There are two benefits here, the first is that real operations can allow you to deeply feel the changes in the market, making it easy to judge the timing of exiting. The second is that the closer to the money, the closer to the profit and loss, the easier it is to make you clear about your inner feelings and operational defects, and to correctly view the profit and loss. For the first experience of a fren in the Bull Market, this is a good method.
Of course, for those experienced and insightful old leeks with strong determination, this kind of practice method is basically not applicable. The above is purely a personal opinion, so please consider it carefully.
No one can predict the market trend 100% accurately, but everyone can have 100% control over their Wallet. Since there are not many bullets left, let's prepare for the battle tonight, aim at the favorite cryptocurrencies, patiently wait for the opportunity, and bravely play the chips!