Interpretation of cryptocurrency market on SEP 26 2022

The market basically maintained a weak adjustment over the weekend. Since the U.S. stocks market does not open, except for emergencies, there is generally not much volatility, which is also one of the characteristics of the crypto market.

The follow-on trend of US stocks will be very critical, and it has now fallen back to the lows before the June rally. It is expected that there will be a certain support force, which is one of the reasons for the temporary long position recently, and the crypto market has recently resisted the decline compared with the US stocks market.

However, this does not mean that risk control can be avoided. Long position is contrarian from the current large level, especially for leveraged derivatives trading, and you cannot have the idea of holding too long when the price is low, otherwise there may lead to irreparable losses under the leverage.
Especially now that the bear market has gone through most of the stage, it is even more necessary to limit the losses. Even in the operation of rebounding against the trend, it is advisable to keep the margin and give up the opportunity to make profits, because the first wave in bull market will give a signal of chasing on the right anyway.