Is there still a copycat season in the cryptocurrency circle?
October is about to end.
Pay attention to this week's non-agricultural data
The US election on November 5
The interest rate cut on November 6
Will determine whether there is a copycat season
At present, it is as flat as ever, and there is no fluctuation in the market. Don't look at the big negative line last Friday that hit you down, creating panic and making you throw away the chips in your hands. As a result, the subsequent decline did not continue, but began to fluctuate upward
And retail investors are also very face-saving. They always substitute emotions according to the market situation of the main force, cater to the intention of the main force, and are incited by the current market trend. Emotions lose judgment ability, which is very dangerous in investment
The vision of most retail investors is always short-term. If you get a bull market, you will not think that the current price is high
Bitcoin just stepped back and fluctuated below for two months, and the pressure level that has just been broken.
Ethereum tried the support below for the fourth time, and did not fall below the previous low on August 5, and the low point was rising, and the high point was also rising.
The market cannot only look at the local situation, and the local analysis can only reflect the short-term trend. To seize the real opportunity and avoid being led by the main force, you need to pay attention to the overall situation. Only by understanding the overall trend can you clearly judge the long and short forces.
If you can't even judge the long and short forces in the oscillation range, it is easy to panic when the market falls, and hesitate when it rebounds. As a result, once the market breaks through a new high, you will realize the opportunity and you may be trapped.
Take Bitcoin as an example. Although it has recently pulled back, all aspects still show that the long army is strong. If you miss the best entry time due to short-term fluctuations and wait until the price breaks through 80,000 or 90,000 before entering the market, you are likely to face the risk of being cut.
The US presidential election is approaching on November 5, and the oscillation pullback since April has hinted at the conversion of long and short forces. All this is preparing for the market reaction after the election.
The market is now generally cautious about the reaction after the good news is implemented, and this trend may continue after the election. Next, let us witness together whether the main force will follow the wishes of retail investors.
