#市场周期与趋势 Recently, trader Eugene mentioned that altcoins are guiding the market direction, which left me a bit confused. 🤔 I used to think that as long as I watched Bitcoin, I could understand the overall trend, but now I realize altcoins are so important?
He said Bitcoin has not effectively fallen below $84,000, and currently the market trading volume is very low, with everyone on holiday. What does this mean? Is it that the opportunity is coming now, or is the risk greater? He mentioned, "As long as a few big buyers enter the market, the order book can be easily torn apart," which feels like a quiet market that could explode at any moment...
Another detail that impressed me is that Eugene suggested going long below $90,000, and emphasized having a clear stop-loss level. As a beginner, I just realized how important stop-loss levels are—they're not something to gamble on randomly. 😅 He said that historically, January tends to be very volatile, so this month could be quite interesting.
My biggest question now is, how can I identify signals from altcoins? Should I start by understanding which altcoins to focus on? Looking forward to everyone giving some guidance to a newbie. 💡
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#市场周期与趋势 Recently, trader Eugene mentioned that altcoins are guiding the market direction, which left me a bit confused. 🤔 I used to think that as long as I watched Bitcoin, I could understand the overall trend, but now I realize altcoins are so important?
He said Bitcoin has not effectively fallen below $84,000, and currently the market trading volume is very low, with everyone on holiday. What does this mean? Is it that the opportunity is coming now, or is the risk greater? He mentioned, "As long as a few big buyers enter the market, the order book can be easily torn apart," which feels like a quiet market that could explode at any moment...
Another detail that impressed me is that Eugene suggested going long below $90,000, and emphasized having a clear stop-loss level. As a beginner, I just realized how important stop-loss levels are—they're not something to gamble on randomly. 😅 He said that historically, January tends to be very volatile, so this month could be quite interesting.
My biggest question now is, how can I identify signals from altcoins? Should I start by understanding which altcoins to focus on? Looking forward to everyone giving some guidance to a newbie. 💡