Brothers, have you recently been confused by the market's 'bewildering behavior'? On one hand, there are continuous negative impacts from central bank interest rate hikes, while on the other hand, the market is stubbornly pushing upwards. Many novice friends are unable to hold back and are ready to enter the market in full force to 'buy the dip'. Stop! Quickly stop! As your seasoned pitfall avoidance guide, I must seriously remind you: this abnormal surge is a trap tailor-made by the main players to harvest retail investors!
First, let me popularize a fundamental logic: the cryptocurrency market has never existed independently; it is greatly influenced by the global macroeconomic environment. Currently, major economies around the world are tightening monetary policies to curb inflation, which means that the amount of 'hot money' in the market will decrease. Without hot money flowing in, how can the cryptocurrency market expect to emerge from a bull market? It's pure fantasy!
Looking at specific targets, BTC has been repeatedly bouncing around the 40,000 mark. It seems strong, but in reality, it's luring the enemy deeper. From a technical perspective, the RSI indicator has entered the overbought zone, and the MACD indicator has shown a signal of a top divergence, both of which are strong signals that the market is about to reverse. ETH is even more exaggerated, following BTC's hype to rise, but there is no fundamental support for its rise, and it is completely a 'follow-the-trend increase.' The subsequent drop will be even worse.
I know everyone wants to make money in the market, but the premise of making money is to protect your principal. Entering the market now is like dancing on the blade of a knife; the probability is high that it will be 'a failed attempt to steal a chicken, losing rice instead.' Follow me, and I will elaborate on the main forces' harvesting tactics, teaching everyone how to identify the signals of baiting long positions and avoid unnecessary losses. If you think my reminders are timely, comment with 'avoid pitfalls' so I can see how many smart friends there are! If you currently feel helpless and confused in trading, and want to learn more about the cryptocurrency world and cutting-edge information, follow me@Square-Creator-aa01419647e18 #巨鲸动向 $BTC
