The wind has changed in today's crypto market, and Harris suddenly changed his attention and started embracing Crypto Assets, regardless of what it is for or whether it is fake. Today, the crypto market is moving forward again with the high-volume rebound of BTC and Ethereum, and Harris' crypto-friendly statement is important and constructive because it shows the public how important digital asset innovation is and how important it is as artificial intelligence; he also realized that a path can both promote innovation and protect consumers and investors; in addition, Faryar Shirzad thinks that this statement was made after weeks of contact with the core community against Crypto Assets, and they have thoughtful and open attitudes towards them.


  
💎
💎
When news comes out, it can be understood as Positive Information or Negative Information; for example, if it drops due to an ETH ETF, it is the realization of Positive Information, followed by the Ethereum Foundation selling coins and Vitalik Buterin selling coins to create panic; if it rises, it is the amount of funds brought by the ETF, and a large part of Wall Street gets on board the ship! In fact, the most important reason for the rise and fall of prices is that the market is completely long, so it goes down, and it goes up when the market is completely short! Profit is the factor that fundamentally drives the price for Market Makers! If Positive Information brings a big rise, it allows sellers to pump it up and prepare to dump at the peak; if sellers' chips are not enough, any Positive Information can turn into Negative Information, then it turns around and closes contracts, continuing to accumulate! The two conditions that a major bull market must have: first, the general environment as a result of stimulating the global economy! Secondly, sellers need to collect enough chips during the Bear Market period! It is clear that the first condition is not currently met, so Market Makers can only continue to collect chips in the Bear Market! Only smart money collecting enough chips and meeting the first condition will lead to a major bull market! As individual investors, it is right to accumulate chips under the Market Makers, dump under the major bull market, harvest sellers, and also allow newcomers to take our reaction! The secondary market is actually a game between individual investors, a game between Market Makers and individual investors! However, it should be noted that individual investors do not have as large a fund volume as Market Makers, it is difficult for them to sustain the Bear Market for three years, they do not have their own trading systems, and most people end up liquidating and becoming victims of the market due to their greed! Stick to your own trading strategy, and you will eventually reap the rewards of your efforts!
💎
💎
Last week, it generally showed a strong performance, with no pullback from high levels, and the daily candlestick chart continued to rise. This kind of movement does not have the appeal of a 'trap digging', and it mostly quietly emerged at the closing time while giving short opportunities based on the appearance of morning rebound. Currently, look for opportunities to follow 64800. While the rise continues during the morning session and correction is seen before the American session, it is a bear trap. However, the short-term upward momentum has weakened slightly, and the market needs more power to push prices higher. In the candlestick formation, recent price fluctuations have created some narrowing ranges, which may indicate a temporary balance between bullish and bearish forces in the market. Traders should monitor the breakout of these ranges to determine the next direction. For example, if the price breaks above the upper limit of the recent narrowing range, it could be a precursor to a new uptrend; conversely, if it breaks below the range's lower limit, it could cause a certain retracement. Of course, this retracement does not necessarily mean that a major bear market is coming, but it is a process of transitioning from QT to QE, and it could be lengthy. The depth of the retracement will depend on the course of the US economy and the looseness of monetary policy.
BTC-0,63%
ETH-0,33%
G-0,2%
REN1,43%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)