The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui who talks about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome to all coin friends' attention and likes, and reject any market smokescreens.
Finally, a wave of correction has appeared. I just mentioned that there would be a wave of correction from mid-month to the end of December. The depth is still less than 3000 points, only 2600 points. However, looking at the data, a considerable amount of funds have actually been exploded. Six consecutive bullish candles on the daily chart will indeed make everyone let their guard down. This wave of correction serves as a reminder for everyone. Fortunately, Lao Cui has always emphasized not to hold positions overnight. Everyone's positions should be fine, right? The occurrence of this correction trend is inevitable; it is impossible for everyone to make a profit every day. The market makers also need to survive and develop. Of course, this wave of correction is not as many bloggers in the coin circle say, that the bull market has ended or that the bullish trend needs to pause for a while. It is far from reaching the growth endpoint of this trend. From Lao Cui's perspective, this wave of correction is merely a washout phase in the coin circle, washing out those users with speculative thoughts who want to take a big bite out of this wave. Fortunately, this downward movement serves as a kind reminder, indirectly confirming Lao Cui's thinking. During the bull market, as long as users who did not lay the groundwork to enter the market in advance, they must not chase. Chasing will lead to a countdown to death.
Why does Lao Cui always feel that the coin circle is still in the bull market phase? From yesterday's fluctuations, it can be seen that capital does not want to go down. Remember, it completely does not want to end this trend. The sudden sell-off was also based on the pull from the lowest point of 76501 to the position of 81699, with a fluctuation of up to 5000 points. The depth of the correction is only half of the increase and quickly repairs the lost ground of the bears. Remember, yesterday belonged to the weekend market, and large capital was basically in a state of rest. This downward movement is a premeditated decline, and its purpose has been mentioned above. From the speed of recovery, it can be seen that the long positions of capital are very strong. The upward movement during the Asian session and the sell-off at night belong to two different groups of people. Although their purposes are the same, it can be said that both sides have basically perfectly achieved the goal of this wave of profit, shaking hands and making peace. Going forward, this kind of market situation is likely to become more frequent, but the bullish direction remains unchanged.
Why does Lao Cui insist on being bullish? Here, Lao Cui also provides reasons for everyone. First, the growth reasons for the coin circle, especially Bitcoin, can be said to be an epic-level strengthening. There has never been a bull market in the coin circle with such a strong background, which serves as a powerful booster for maintaining strong growth. Secondly, everyone only focuses on the growth rate of Bitcoin, often neglecting the overall market value. In the last bull market, the overall market value of the coin circle reached over 3 trillion. Let's not discuss whether this round of bull market can surpass the last one. It is important to understand that in the last bull market, Bitcoin and Ethereum were not listed, meaning there was no support from traditional capital. Additionally, Trump's support—many people think this is Trump standing on the platform to pull votes—should be remembered that the foundation for survival in the coin circle, which can maintain a growth trend, fundamentally comes from promotional hype. Even if Trump does not take any substantial measures after taking office, as long as he does not make any statements detrimental to the development of the coin circle, this wave of lies, as mentioned domestically, will have great scholars to argue for me after entering the gate, and the market makers will still coax everyone to play.
Especially regarding the listing, it may be due to the long time that many friends have overlooked this ancient news. After the listing, the involvement of traditional capital means that the giants in the coin circle will be completely changed. The previous era where Grayscale had absolute power is gone forever. This can be clearly seen from the comparison of BlackRock's holdings and Grayscale's holdings. Currently, Grayscale's holdings are significantly lower than BlackRock's. After the involvement of traditional capital, if they want to have other cryptocurrencies listed, the primary assessment condition is the listing of Bitcoin and Ethereum, and how much benefit it will bring them. Why do Americans support the coin circle? It is all about the entanglement of interests. The listing of Coinbase and the fines on Binance are all signs indicating that Americans are paying attention to the coin circle. Otherwise, how could there be such a crazy increase in market value after Coinbase's listing? They have already tasted the sweetness, and only by feeding this group of traditional capital can the coin circle have future development. Therefore, at this stage, no one dares to short. Do not pull all growth and decline into a conspiracy theory. The world of finance is fundamentally based on interests. In a situation where everyone can make money, no one will go against the trend. Shorting is going against the market. The coin circle urgently needs the next round of bull market to prove that this is a mutually reinforcing existence.
In the coin circle, as long as we still exist in the financial market, what everyone thinks about is how to expand profits. The speculation on the next move of the market makers is also the same; how to maximize benefits is what the market makers think about. This is also the reason why Lao Cui predicts that there will definitely be a correction before the interest rate cut from mid-month to December. Lao Cui can also say bluntly that this round of correction is definitely not the last wave of washout. Before the interest rate cut in December, there will definitely be another wave of correction, and the depth will be greater than this one. Friends in contracts must remember not to hold positions overnight. Through this round of correction, you can also see that this kind of correction has almost no impact on spot trading. After a night's sleep, it is still at this level, but the impact on contracts is almost fatal. Do not use high leverage and hold for a long time. Lao Cui's strategy remains unchanged: long positions profit 1000-1500 points, short positions profit 500-800 points, and short position profits can be given up. As long as there is a correction depth, long positions can be bottomed out. You can operate this issue without consulting Lao Cui.
As for everyone's operating methods, Lao Cui will also mention that do not think that letting go of profits is a loss. Everyone should have a clear understanding of themselves, especially those who did not layout in advance during the growth period. Do not chase the rise. The Asian session is the opportunity for you to enter the market. The smaller the fluctuation, the more suitable it is. For contract operations, when the fluctuation has already started, you must stop, even if the market seems to be ten out of ten stable, you must stop operations and wait for stabilization before making further plans. For those who want to do long-term contract operations, the leverage can only exist below 10 times, meaning the stop-loss point must be more than 10,000 points to hold positions overnight. There is not much to say about spot trading. The fluctuations last night, including future fluctuations, may not matter to everyone. Just last night's wave of correction can be considered a complete announcement of the end of the one-sided market. In the future, this kind of correction depth will become more frequent. Of course, it does not mean the end of the bullish trend; it will continue for a while, and historical highs will continue to be refreshed. Going long is still the mainstream. I have already warned everyone once; please do not be blindly trading in the future. If you do not understand something, ask Lao Cui in time. Contract trading emphasizes timeliness. If there are changes in the trend, Lao Cui will notify everyone. Until then, just stick to the original strategy. That's all for now; Lao Cui will also go layout. See you all tomorrow!
Original creation by WeChat Official Account: Lao Cui Talks About Coins. For assistance, please contact directly.
**Lao Cui's message: Investing is like playing chess. A master can see five, seven, or even more than ten steps ahead, while a novice can only see two or three steps. The master considers the overall situation and plans for the big picture, not focusing on one piece or one territory, aiming for the final victory. The novice, on the other hand, fights for every inch of land, frequently switching between long and short positions, only competing for short-term gains, resulting in frequent troubles.
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This material is for learning reference only and does not constitute trading advice. Trade at your own risk!
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