The advantage still lies with the bulls.
The US stock market is showing a 64% greed level, the A-share market is showing a 91% extreme greed level, and the cryptocurrency market is showing a 48% fear level.
Global markets are performing well, with the S&P 500 reaching new highs and the A-share market exceeding 3,800 points, all hovering between greed and extreme greed.
Only the cryptocurrency community is in a state of panic, with sentiment low.
However, the interest rate cut is imminent, arriving in the middle of this month.
The previously anticipated Q3 explosion now appears to be a bleak prospect, with the exception of the surge in the value coin OKB and a rebound in ETH.
There are too many variables in the short term.
It's difficult to predict and prevent.
However, I remain firmly optimistic about the overall trend. Over time, the interest rate cut will bring in a large influx of capital, inflating the market bubble.
① If the market falls before the rate cut, you can wait for a rebound afterward.
② If the market rises slightly before the cut, it will continue to rise afterward.
③ If the market rises sharply before the cut, it will fluctuate afterward.
Regardless of which trend unfolds, the outcome remains the same.
There are two main reasons for losing money.
One is buying the wrong currency (altcoins). The other is buying the right currency but chasing it at a high point, only to lose money during a volatile correction.
Conventional thinking is often wrong.
Repeated interest rate cuts are conducive to a spiraling upward trend in the cryptocurrency market. The market isn't afraid of disagreement, but it's afraid of expectations, and even more afraid of consensus.
The essence of investing is "buy low, sell high."
All technical indicators and news are tools to help you buy low and sell high. Don't put the cart before the horse and buy and sell based on indicators.
Being bullish during a rally usually doesn't bring you significant returns.
Huge profits often come from investing at low levels, often during periods of panic and fear.
Conventional thinking is the root cause of successful investing.
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