Interpretation of cryptocurrency market on Nov 22 2022
The market fell and shook again yesterday. BTC set new lows. An unexplained statement by Vitalik caused widespread concern. Some people started speculating if USDT, Grayscale, or even ETH were about to go on a tear.
qr61.cn/ohvxTJ/qPHYqnI
This is another characteristic of a bear market, where investors are scared, and the whole market seems direct short. Every piece of information has the potential to destroy the market. In fact, in the bull market, these statements were never less. Bull market sentiment will amplify the good and unconsciously ignore the bad, and the same is true for bear markets, but the market is objective, and the difference is only in how people feel.
Whatever the stage, try to do not to be disturbed by emotions. Rational judgment is significant.
The market has fallen about 80% from the last bull market highs. Even if we don't consider the crypto market's longevity in the previous bull market, the market is static. The last bear market fell by 90% at most. The current round is also predicted to fall by 90%, and a 30%-50% drop follows that. First, no one is sure that this wave of decline will occur 100%. Even in terms of probability, they are at most 50%. But the next round of the bull market was almost 100% apparent.
Secondly, instead of focusing on the modest difference, we should think more about how to survive the bear market, how to continue to expand the chips, and how to hold in the bull market, how to deal with the future bull market two waves of adjustment.
As for why the future can firmly see 100,000, BKEX Institute recently recommended a book in its training course, which has a scientific and detailed analysis. Interested investors can consult the official staff to determine how to receive it.
qr61.cn/ohvxTJ/qPHYqnI
This is another characteristic of a bear market, where investors are scared, and the whole market seems direct short. Every piece of information has the potential to destroy the market. In fact, in the bull market, these statements were never less. Bull market sentiment will amplify the good and unconsciously ignore the bad, and the same is true for bear markets, but the market is objective, and the difference is only in how people feel.
Whatever the stage, try to do not to be disturbed by emotions. Rational judgment is significant.
The market has fallen about 80% from the last bull market highs. Even if we don't consider the crypto market's longevity in the previous bull market, the market is static. The last bear market fell by 90% at most. The current round is also predicted to fall by 90%, and a 30%-50% drop follows that. First, no one is sure that this wave of decline will occur 100%. Even in terms of probability, they are at most 50%. But the next round of the bull market was almost 100% apparent.
Secondly, instead of focusing on the modest difference, we should think more about how to survive the bear market, how to continue to expand the chips, and how to hold in the bull market, how to deal with the future bull market two waves of adjustment.
As for why the future can firmly see 100,000, BKEX Institute recently recommended a book in its training course, which has a scientific and detailed analysis. Interested investors can consult the official staff to determine how to receive it.
כתב ויתור
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