Today's market is really hard to understand!
Do you remember half a month ago? Trump was still shouting about raising taxes on China by 100%, and then even threatened to increase it to 150%. Guess what? Today, suddenly there was news - the US and China surprisingly reached a consensus!
Logically, with such a level of good news, the market should have been celebrating with fireworks, right? But the reality is quite disappointing:
BTC is still hovering below 120,000
ETH hasn't returned to 4,500
Altcoins are even worse off, most directly halved
After the news broke today, mainstream coins indeed had a rebound, but the strength was far from expected. More altcoins are still lying on the floor playing dead, not even attempting to get up.
Why didn't the good news lead to a rise?
I'm thinking there might be a few reasons for this:
1️⃣ The market has long anticipated and digested expectations
2️⃣ Funds only dare to stick with mainstream coins
3️⃣ The altcoin ecosystem is too fragile; any slight disturbance leads to a drop as a precaution
A bloody lesson
To be honest, I'm glad I primarily held BTC and ETH during this wave; if I had heavily invested in altcoins, I probably wouldn't even have my shorts left now. Playing with altcoins is really too difficult - slow to rise and faster to fall!
Suggestions
Mainstream coins serve as ballast, occupying at least 70% of the position
Small funds participating in altcoins, losing doesn't hurt
Don't let the news lead you by the nose
Preserving the principal is more important than anything else#内容挖矿升级 #美联储降息预期 $BTC $ETH $BNB
