Interpretation of cryptocurrency market on OCT 17 2022
Since last week's CPI data caused large fluctuations, the weekend market fluctuated slightly again, with the characteristics of the end of a bear market evident.
The bear market can be divided into three stages; the first stage is the early stage of the bear market; from the end of last year to the end of March this year, the market fell in violent shocks. But whether it was a bull market correction or the beginning of a bear market could not be judged at the time. However, the probability of entering a bear market has dramatically increased after the rebound is weak and the inability to continue to set new highs.
After that, it fell below the large-level support, and the bear market was established without controversy; that is, it entered the second stage of the bear market. The slump continued from April to the end of June without much resistance.
Now the volatility is getting smaller and smaller, and the market is getting more and more deserted, which is the last stage of the bear market. After the three stages are completed, a series of tasks such as cashing out the bull market profits, trapped investors, and cleaning up leverage has been completed, and the investment value of the market will be highlighted.
The context of the market has always been obvious, how can a bull market start? To make money. That is, a large amount of money continues to buy regardless of cost. After you have enough chips, big money will inevitably drive up the price if you want to get chips. It will only prolong the time and weed out unsettled investors. Continue to get chips in relatively low positions and take longer to complete big-money placements.
There is no doubt that it is the layout stage, and then it will look at the attractive enough opportunities in the later market. For now, let's look forward to stopping rate hikes. We follow the current market style and don't care too much about quick profits.
The bear market can be divided into three stages; the first stage is the early stage of the bear market; from the end of last year to the end of March this year, the market fell in violent shocks. But whether it was a bull market correction or the beginning of a bear market could not be judged at the time. However, the probability of entering a bear market has dramatically increased after the rebound is weak and the inability to continue to set new highs.
After that, it fell below the large-level support, and the bear market was established without controversy; that is, it entered the second stage of the bear market. The slump continued from April to the end of June without much resistance.
Now the volatility is getting smaller and smaller, and the market is getting more and more deserted, which is the last stage of the bear market. After the three stages are completed, a series of tasks such as cashing out the bull market profits, trapped investors, and cleaning up leverage has been completed, and the investment value of the market will be highlighted.
The context of the market has always been obvious, how can a bull market start? To make money. That is, a large amount of money continues to buy regardless of cost. After you have enough chips, big money will inevitably drive up the price if you want to get chips. It will only prolong the time and weed out unsettled investors. Continue to get chips in relatively low positions and take longer to complete big-money placements.
There is no doubt that it is the layout stage, and then it will look at the attractive enough opportunities in the later market. For now, let's look forward to stopping rate hikes. We follow the current market style and don't care too much about quick profits.
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