November 15, 2024 "The market has retreated as expected"

The market has retreated. I will update the article earlier today. I made a relatively clear risk warning yesterday. I also restrained myself from chasing highs at high levels and reduced some of my positions. I hope this wave will be helpful to everyone. Looking back, when the market was frenzy, everyone felt that their positions were not enough and wanted to make more money. In fact, yesterday, I saw obvious risk signals and prompted the risk of a pullback. The biggest risk point is the crazy posting of Memes. I saw some groups frantically posting new MeMe passwords. In addition, Musk's random tweets can create a market value of tens of millions. The hype is indeed too outrageous.

The market plummeted in perception. In fact, the maximum decline of Bitcoin is only 10 points. Every time it rises, it will be accompanied by a decline. Therefore, 10 points is actually a medium-level adjustment. The key to the problem is that Ethereum and a group of copycats are not strong enough to follow the rise, and the fall is not ambiguous at all. However, at this point, there is no need to worry about these. The next key is to see whether the big cake will break 75,000. It is still safe at present.

There was a small retracement the day before yesterday. I thought it was also a small level yesterday. However, judging from today's situation, the small level is not enough to digest this wave of bullish sentiment, so the probability of further retracement in the short term is increased. Of course, the current decline is still reasonable, and it is also necessary for the long-term operation of the bull market. Remember what I have said many times in the past few days: the bull market has more crashes!

In fact, the price of big cake is still in the bull market range, and the strong support below is still the pressure zone of about 75,000. However, I think that in this slow decline, it is difficult for big cake to break 8, so don't be pessimistic because of the decline. This is just a normal retracement in the bull market. However, even so, everyone should manage their positions well. When the retracement occurs, you can intervene in the spot, but don't touch the contract.

Why do I say this? I will show you a current loss order. Due to the rush to buy the bottom (I also said before that I thought it was just a small adjustment), 2 cakes were trapped for nearly 5,000U, and the profit has been spit out. So, there is no invincible general, don't be deceived by high-yield screenshots.