Interpretation of cryptocurrency market on Nov 5 2022
The market continued to rally last night after the non-farm payroll data reflected strong employment. It is not difficult to find the changes. Before, if the data showed that the economy was improving, the market generally fell due to concerns about the strength of the Fed's interest rate hike. But this time the data is good, and the market rebounds directly. It has been mentioned many times in the previous article that the Fed's purpose has been clear, and the only uncertainty is the period, but the impact is not significant. The market once again confirmed that the follow-up market will follow the data, but neither the next mid-term elections nor the CPI can change the fact that the potential at the end of the bear market outweighs the risks.
In operation, long-term positions should not be affected by the short-term market. When the Fed's policy of suspending interest rate hikes and subsequent interest rate cuts is implemented, there will be no opportunity for low-price layouts. This part of the chips starts at the end of September, and the price has a certain advantage. Of the five varieties mentioned in the analysis of high-value tokens, three have risen by 30% from the layout area, and the remaining two tokens have increased by about 10% from the current price. If you insist on buying more when the token price falls, the profit will be more. However, a long-term position is defined as a long-term position, even if it may pull back in the future, as long as the bull market does not come, this part of the chips does not need to be operated, and patient investors will hold it till the third wave of the next bull market.
The market has been sideways for too long, and the unilateral market should be stronger in the future, and there may be a rotation between altcoins and BTC. There may be two good opportunities to experience rises. Therefore, chasing on the right side and moving the take profit is still the best short-term strategy.
In operation, long-term positions should not be affected by the short-term market. When the Fed's policy of suspending interest rate hikes and subsequent interest rate cuts is implemented, there will be no opportunity for low-price layouts. This part of the chips starts at the end of September, and the price has a certain advantage. Of the five varieties mentioned in the analysis of high-value tokens, three have risen by 30% from the layout area, and the remaining two tokens have increased by about 10% from the current price. If you insist on buying more when the token price falls, the profit will be more. However, a long-term position is defined as a long-term position, even if it may pull back in the future, as long as the bull market does not come, this part of the chips does not need to be operated, and patient investors will hold it till the third wave of the next bull market.
The market has been sideways for too long, and the unilateral market should be stronger in the future, and there may be a rotation between altcoins and BTC. There may be two good opportunities to experience rises. Therefore, chasing on the right side and moving the take profit is still the best short-term strategy.
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