Interpretation of cryptocurrency market on SEP 20, 2022

Yesterday the market shook violently, falling rapidly during the day and rebounding sharply in the evening and early morning. The price of ETH around 1300 and BTC about 18000, can support the market many times in the rapid decline of the bear market. It indicates that the current market believes this price level has more opportunity than risk.

This is the reason why it is always recommended that you can take periodic investments. It is the easiest and highest success rate (almost 100%) way to lay the bottom. Only the cost will be slightly higher. But it is nothing in front of the height of the next round of bull market. For those who want to bottom out, we need to wait for the extreme market panic. The possibility that we can see at the moment is a 100-point rate hike. There may be a global recession to follow. As long as it appears, we need to be bold enough to get in and control its position. If it can fall to near 13000, in terms of personal opinion, it is worth a full position. Otherwise, you can only buy half a position at most. The remaining funds to guard against the subsequent "Black Swan," but after the right breakthrough, also need to add an entry to grasp the bull market first wave. The final cost may be lower than periodic investment, but it depends on which way the market eventually chooses.

Shorting is the main direction for the short term since the market is still in a bear market. And it will not give up shorting because the price is low. The only difference is the relatively high position of some. You can enter in batches. The more up, the more empty, and near the recent support position, you need to do short under the premise of strict stop loss.

In general, regardless of the operational difficulties, short-term still to grasp the short opportunity. When the profits of the short single substantial cash, we want to shift the focus to do more. If you consider the difficulty of operation, you can choose to periodic investment.