Lao Cui said: "Before the dawn, the bull market in the cryptocurrency circle will come again!"

CN
1 year ago

The world is bustling, all for profit; the world is bustling, all for profit! Hello everyone, I am your friend Lao Cui Shuobi, focusing on the analysis of cryptocurrency market trends, striving to deliver the most valuable market information to the majority of coin friends. Welcome the attention and likes of the majority of coin friends, and refuse any market smokescreens!

Finally, the first phase of layout has ended, and today we return to the market. These two days of absence have also made a certain contribution to the layout for users holding spot positions. Especially the recent trend has been leaning towards a bear market, which has caused some deviation for spot users. As mentioned earlier, I have discussed with everyone that the recent trend is about to break through, but in terms of timing, it has not been precise to the minute. Currently, from a medium-term perspective, it has indeed entered a bear market. A long time ago, I also shared with everyone that once it falls below the 3000 mark, there will indeed be a certain depth, so don't blame Lao Cui for not reminding everyone in time. This round of market trends came too quickly, basically only preserving the spot users in my own hands, and the article did not have time to be updated. Today, let's take a look at the overall trend in the later period.

In the recent period, the biggest news is that Hong Kong has approved the listing of Bitcoin and Ethereum ETFs. For the coin circle, this is indeed good news, at least it shows the gradual process of compliance and legalization. Hong Kong has opened up a good investment channel for the Asian market. For us in the domestic market, let's not hope for the appearance of our own normal trading platform for the time being, after all, the nature of the coin circle is not directly qualitative for us. But everyone must not be discouraged, the process of compliance will definitely get closer to us, as long as Hong Kong has considerable income, for us in the domestic market, it's only a matter of time before it opens up.

Let's first look at the overall macroeconomic situation. The Japanese yen is close to 160, not only the yen, but the entire Asia is on the verge of collapse. The Korean won has depreciated by 30% compared to 20 years ago, reaching 1400. Vietnam has also reached a new high of 25000, which is equivalent to doing nothing for about ten years after the reform, and then the Philippine peso, Thai baht, and Indian rupee are all at new highs. Japan, South Korea, and other high-level countries are still in the latest view. It is possible that Asian currencies will once again face a new wave of defaults. When George Soros shorted the Thai baht in 1996, Goldman Sachs was the strongest lackey. The strongest one is Myanmar, except for Myanmar, the US dollar is basically invincible, unexpectedly supporting for two years without letting the Americans take advantage. Myanmar is indeed strong, and the current situation is that outside the national border, there are high-interest loans, and it is very likely that there will be another big rise in gold.

It can be said that the entire world economy is in chaos. Reflected in the coin circle, competition is still strong. Most of the capital has been diverted to the energy and gold markets. Now traditional capital is also encircling the Asian market. For the coin circle, it is beyond its capacity to not only attract more funds but also to maintain the original amount of funds. Speaking of the recent big news of Bitcoin halving, this news is almost equivalent to the energy of listing, both of which are good news. But the biggest problem now is the issue of capital, without the support of funds, it is difficult to play its original role. Either of these two pieces of news, at any time in the coin circle, can drive the volume of the coin circle, to a higher level, but the current timeline does not match. Setting aside the essence of finance and looking at the military aspect, it is very difficult to grasp. We cannot discuss the impact of this aspect, but for the coin circle, this topic cannot be avoided.

Especially as Lao Cui mentioned earlier, the coin circle has lost its hedging attribute. With the deepening of military influence, the rise in gold and crude oil, coupled with the intervention of the national team as the volume, the coin circle cannot escape the fate of capital outflow. Everyone should be clear that it is difficult for giants to make investment actions again in the face of the impact on their principal. Asian funds are basically unable to flow into the coin circle market, each showing their own abilities to maintain their own territory, while the volume of Europe and the United States is participating in encirclement. Although it has little impact on us domestically, after all, we are the largest industrial country, and exports can offset a lot of inflation, almost not producing negative things for us. But the coin circle is an investment for the future after all. In the short term, the bear market does have the upper hand, and the outflow of Asian funds is too fierce. The fact that there has been no widespread flight is indeed fortunate.

Although the medium and short term are in a bearish state, it is still difficult to reverse the overall bullish trend in the long term. The bull market will come, and there will definitely be new highs this year. The overall turning point is still in the hands of the US's decision-making. The signal of interest rate cuts has a huge impact on the global situation, and the decision-making power has always been in the hands of the US. Although it will eventually choose to cut interest rates, the process is still very difficult. Once you have identified the target, do not easily give up. Overall, the struggle between bulls and bears is ongoing, not only for retail investors but also for the giants who are unwilling to give up. Although the halving news can save the world, without solving the overall USDT exchange rate issue, the bull market is just talk. It is still more prudent to focus on the exchange rate, and then plan the next layout in combination with the US's interest rate reduction strategy. At the same time, those who have issues with hedging and locking positions can chat with Lao Cui!

Lao Cui's message: Investment is like playing chess. Masters can see five steps, seven steps, or even a dozen steps ahead, while those with lower skills can only see two or three steps. The high-level players consider the overall situation and plan for the big picture, not focusing on every single move, but aiming for the ultimate victory. The lower-level players fight for every inch, frequently switching between long and short positions, only fighting for short-term gains, and frequently end up in trouble.

Original article created by the public account: Lao Cui Shuobi. If there is any infringement, please contact the author to delete.

This material is for learning and reference only and does not constitute investment advice. Buying and selling based on this material is at your own risk!

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