Interpretation of cryptocurrency market on OCT 11 2022

The market fell rapidly today, with most altcoins falling sharply. Although it was mentioned that recent volatility had decreased in yesterday’s article, there may still be large fluctuations, and it is necessary to prevent the final rise of the bear market. Only when there is no leverage and full position can you continue to buy when it falls. For short-term long leveraged positions, you need to consider reducing the position or directly avoiding the subsequent lousy news.

Even if you open short positions, the profit will not be too attractive and will be the last drop in the bear market. If you expect to short this wave of decline, you may miss the opportunity to deploy the next bull market. In contrast, the long positions with low multiples in batches will have a greater chance of winning. My prediction: in the second quarter of next year, a new round of bull market is likely to start. This is in the next few months. When facing this kind of yearly mega-level opportunity, it is a bit of putting the cart before the horse to pay too much attention to short-term fluctuations.

In addition, the end of a bear market is a stage where it is difficult to make money from trading. After a year of decline, the market is highly deserted and fluctuates within a narrow range most of the time. Instead of focusing on these short-term opportunities that are difficult to operate, it is better to prepare directly for the next large-scale opportunity.

Therefore, in terms of operation, a small number of short positions are used as a defense; after the trend turns to be long, the right side is left to cover the layout of low-leverage long positions or spots.
Focus on the opportunity of the first wave in the bull market, which is the easiest to make money.