I wonder how this week will be.
⭐️The cryptocurrency market is driven by FOMO, completely breaking down technically.![]()
I also somehow managed to recover from the losses of last month's short, so I guess it's all good.
BTC has exceeded 80,000, right? 🥳 Next is around 84,500, then 91,000, and then 0.1 million. There might be some adjustments along the way, but the scenario of 0.1 million by winter is quite realistic, so I think it's fine for medium to long-term holders to hold. ![]()
If you've held on without selling until now, you can probably handle a correction of around 20%, haha.
Short-term traders or those using leverage might be pondering their exit strategies! Physical holders won't suffer great losses, but short-term leverage positions often flip, so it's wise to calmly start looking for exits... Just like in boxing, even if you throw a straight with your right hand, guarding your face with your left hand is essential!
I plan to gradually shift from S&P500 (NASDAQ) to BTC to altcoins. When BTC approaches 84,000, I'll keep an eye on it and try to earn the 🐶🐶's food money!
Alts are currently highly sought after while BTC continues to hit new highs, so it's good to go with the flow~ Even if BTC drops based on recent highs, I think it's good to gradually accumulate long-term assets from around 71,000✨
Altcoins can be interpreted differently depending on the individual, but I
BTC to index (it's too big to be the 1st, but in terms of semiconductors, like SOX or if it crashes, it's over, meaning NVDA).
ETH, SOL, and other altcoins within the top 10 → small caps (if semiconductors, MU or ARM)
Other speculative stocks → Stock manipulation
Interpreting it, Alt intends to always fight at the closest exit even if profit is made.
⭐️ S&P500... Stocks and bonds are still calmer compared to cryptocurrencies, right~
It's interesting to see how investors approach each asset and their strategies! We've recently broken through an upward channel, so if we can maintain that, it might be heading towards 6,100! Without the wick, there's a bearish three-candle pattern, but I think even if there's a bounce back, it shouldn't go below 5,800, so buying more for the long term if it falls to that level might be a good idea! Trading on margin or similar is up to each individual, haha.
⭐️ SOXX seems a little lackluster... Well, it's not that it lacks energy, but it's underperforming the S&P500, so the meaning of growth is.. haha
NVDA and PLTR had the tastiest market individually! Also, ALAB and others 🙇♂️ seem to be attempting to break through the consolidation area but getting rejected, so maybe today is another challenge! If it surpasses it, I think we can see 240→264!.
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