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History does not simply repeat itself!
The big plunge in the past two days has made many people chuckle in their hearts. The pie fell by 16% in two days, and those altcoins fell even more miserably, some by almost 40%. Some people carry it hard, some people blow up their positions, and everyone doesn't dare to speak out, as if they are waiting for an inevitable "baptism". Seeing that the money in the account is getting less and less, we are helpless!
Thinking back to the big bull market in 2021, according to the law of history, we should now be in the second trough. Last night's big dive directly broke the stable situation of nearly a month, and the bottom even hit a new low! As for whether the daily line will hit a new high in the future, no one can say. But I know that every time before the big bull comes, I will "ransack" those highly leveraged long accounts, and even throw those brothers who are not determined to get out of the car. However, I bought some spot in batches yesterday and today, and it may fall, but I know in my heart that I will definitely not lose money when I buy flatbread at this price, and those big investors don't want to take advantage of me!
If you haven't gotten in the car yet, you'll need to hurry up and prepare your "ammo". The last big pullback, the pie fell by about 55%, how much will it fall this time? Let's wait and see. Chuyi suggests that the flatbread should account for at least half of your position, buy it as soon as it falls, hold on to the chips, and don't be shaken off. Remember, when others are afraid, that's when I'm greedy! Now the cow just stops to drink, and when it's full, it has to keep going!
Analysis of today's key takeaways:
The pie is now starting to show some signs of rebounding, and today we have to keep an eye on the 63600 position, as long as it is not lower than this point, the market may go up. When rebounding, pay attention to the positions of 65570, 66390 and 67550.
If it falls below 63600, the rally may be useless and will have to start falling. At this time, you have to look at the support points below, which are probably 62780, 61980, 60890 and 59700.
Ether has also begun to rebound at the 1-hour level, and the key today is to look at the point of 2995, as long as it is not broken, the market may also rebound upward. When rebounding, pay attention to 3121, 3188 and 3272.
If it falls below 2995, the rally may be out of play, and it will have to start going down. The support points below are probably 2937, 2896 and 2792. You'll have to keep an eye on it!