The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. I welcome everyone's attention and likes, and reject any market smoke screens!
At the beginning, everyone must focus on the time limit when reading the article. Yesterday's article release, including previous releases, all appeared before one o'clock. The new low also occurred around eight in the evening. Users who shorted must have made some profits, and the timing for shorting was also provided to everyone. As a result, some people either missed this bearish trend or had issues with their shorting points. It's very simple; the method for finding new high positions has also been given to everyone. It’s not about being bearish; if you blindly short after seeing the article, that’s a mistake. Timing is an extremely important factor; whether in a bull market or a bear market, there will always be certain fluctuations. Yesterday's closing price returned to the support level again, completing four consecutive days, which is enough to prove the strong control desire of the market makers. Personally, I find it hard to understand why everyone did not choose to enter the market at that time but instead waited for a recovery to re-enter. Once the trend mentioned in the article has already played out, it indicates that the value of this article has diminished. Everyone should not use this article as a reference and should wait for the next one to find a way out.
For contract users, the shorting option can only be chosen near the daily new high, not midway. This is two different concepts; chasing the current market trend is not very suitable. The rebound after breaking the support level currently shows strong buying pressure. Everyone needs to learn to judge the difference between breaking and recovering. The first time breaking the support is likely to continue the trend, but the second time breaking requires analyzing all the data; the competition for the support level is not suitable for everyone to enter. Many friends firmly believe in their linear indicators to enter the market, but based on the current indicators, they are mostly in a downward phase. However, this does not mean that entering short positions at any time will be profitable; do not be too blind. Including in the article, I encourage everyone to profit from shorting, but if you find a rebound signal to go long, you can also profit. The article does not mention going long, as it is more geared towards inexperienced users. Once going long is mentioned, if the long position choice fails, it becomes a very difficult problem to resolve.
When analyzing indicators, it is essential to combine them with the real financial environment. All indicators are born after the market has moved, and their role is more about reviewing past performance rather than predicting. From Lao Cui's perspective, indicators are merely aids to speculate on the intentions of market makers; beyond that, they have no other use. The current financial environment is good, but it is due to the recession of the real economy. Gold at $2800 per ounce has already set a new historical high, while the entire cryptocurrency market remains in a downward state. Everyone should understand the reasons behind this; it is all due to the collapse of the credit system, and the increasing strength of gold only indicates currency devaluation. The cryptocurrency market is still in the currency category, which is not good news. The recent rebound in Bitcoin has not been efficient, frequently testing around new lows. For us, it is best not to operate near the support points. Contract users who want to enter the market should either wait for a short-term new high or a new low; patience is essential.
Most friends' losses are influenced by the anchoring effect. Many friends' losses are mostly affected by linear indicators. They keep an eye on short-term new highs and lows, which leads them to choose to enter midway. A simple example is that this year's new low for SOL is below 100, so users who dare not bottom-fish at this stage will always be watching SOL below 100. Those who already hold it are also afraid of returning to this position. You can also look at the line from April, which indeed set a new low of 95, but the rebound was also very rapid, stabilizing at 120 on the third day. The rapid drop below 100 for SOL also made it impossible for everyone to hold. The influence of the anchoring effect must be discarded; it does not benefit your independent thinking. The market you have walked through can be reviewed but should not become an obsession. The current SOL is already on the path to listing, and the emergence of USDC has also provided backing for it. At least everyone should acknowledge that SOL is currently stronger than the SOL in April; this is a fact.
Times have changed; you need to have a developmental perspective to view the financial market. This is also why Lao Cui mentioned as early as October that after the expectation of interest rate cuts is played out, there will definitely be new lows in November. Smart users basically completed their contract long positions in October and began shorting in November, with the high still around 110,000 and the new low around 98,888. A 10,000-point market should at least yield a profit of 5,000 points. It is necessary to wait until this wave is completed before considering when this downward trend will end. The layout before the market starts is superior to midway intervention; Lao Cui is not one to enter the market only after it has started. The articles provided to you have almost no significant issues regarding the trend aspect; if you cannot grasp all the movements, it is a problem of your own mindset. Over-reliance on linear indicators can confuse your judgment, and the opinions within the market are also meant to disrupt your thinking.
The current big data push mechanism has a strong interference effect. If you are going long, the information pushed to you is mostly positive. Listen to both sides; if you have a complete line of thought, try to follow your own path. This is also true if you are going long at this stage; even if you invest in Bitcoin like Trump at 115,000, long-term holding is still a profitable state. Since the birth of Bitcoin in 2008, it has already justified your investment. Looking at it over a long period, Bitcoin has even experienced nearly 17 years of a bull market. During this time, as long as you buy spot, it is all positive feedback. Lao Cui has experienced the entire breakthrough process of Bitcoin, from 10,000 to the current high of 120,000, always providing surprises. Once you make a choice to start, the rest is to validate your viewpoint; there is no need for too much operation. The only necessary operation is the review after the end, and the purpose of the review is to avoid making the same mistakes next time.
Lao Cui's summary: This article is a bit verbose, and indeed, a batch of fans yesterday affected Lao Cui's thinking. Unable to overcome inner desires leads to investment failures, and not finding the reasons is quite sad. Throughout the history of Bitcoin, if you cannot profit as a spot user, it is certainly your own problem, and you cannot blame others. As for contract users, they only need to grasp the timing of their choices. When the market starts to decline, you will feel that it will break new lows; when it starts to rise, you will feel that it will break new highs. With this mindset, how can you strengthen your beliefs? I have always emphasized position management, but you do not learn it, and you cannot establish your trading system; how can you profit? Yesterday's article even firmly suggested that everyone short, yet you could not enter; it is hard to understand. Contract users should first build their own trading system; it is sufficient if it suits you. Try to validate yourself and do not listen to others. November has passed, and December is also a month of new highs. Therefore, at this stage, spot users have a buying opportunity, while contract users have a shorting opportunity; these are completely different concepts and should not be confused. With December approaching, foreign trade settlements will also begin, and dollar assets will appreciate. Do not be pessimistic; contracts are for shorting at new highs. When entering the market, be sure to ask Lao Cui; the cryptocurrency market is a 24-hour settlement market, and news is constantly being updated. Everyone should also take a look at the publication time of today's article.
Original creation by WeChat public 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 moves ahead, while a novice can only see two or three moves. The master considers the overall situation and strategizes for the big picture, not focusing on one piece or one square, aiming for the ultimate victory. The novice, however, fights for every inch of ground, frequently switching between long and short positions, only contending for short-term gains, resulting in frequent entrapment.
This material is for learning reference only and does not constitute trading advice. Trading based on this carries risks!
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