As the saying goes, nothing ventured, nothing gained. Since it has come to this, it is indeed a good thing. Rather than taking two steps forward and three steps back, it's better to fall all at once. The sentiment in the crypto world has always been about quick entries and exits, playing it straight. When it rises, it often refuses to pull back, moving forward without looking back. When it falls, it naturally follows the same logic, without a rebound, reaching the bottom in one go. Currently, it is only the case that the sentiment in the crypto world is showing signs of hitting the bottom. Once BTC stops falling sharply and the US stock market has completely reached its bottom, BTC may be the first to rebound as a precursor.
The subsequent trading plan should be as follows: Phase One (Now): The crypto world continues to bottom out, and the US stock market begins to catch up on the fall (deleveraging). Stage Two (Bottoming Out): The crypto world first stops falling and enters a sideways period (liquidity is exhausted, but selling pressure is also exhausted). The US stock market may still be fluctuating in search of support. Stage Three (Rebound): Macroeconomic data finally shows a turnaround (for example, rising unemployment forces the Federal Reserve to soften its stance), BTC will start to rebound earlier than US stocks due to its light market cap and sensitivity to liquidity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
As the saying goes, nothing ventured, nothing gained. Since it has come to this, it is indeed a good thing. Rather than taking two steps forward and three steps back, it's better to fall all at once. The sentiment in the crypto world has always been about quick entries and exits, playing it straight. When it rises, it often refuses to pull back, moving forward without looking back. When it falls, it naturally follows the same logic, without a rebound, reaching the bottom in one go. Currently, it is only the case that the sentiment in the crypto world is showing signs of hitting the bottom. Once BTC stops falling sharply and the US stock market has completely reached its bottom, BTC may be the first to rebound as a precursor.
The subsequent trading plan should be as follows:
Phase One (Now): The crypto world continues to bottom out, and the US stock market begins to catch up on the fall (deleveraging).
Stage Two (Bottoming Out): The crypto world first stops falling and enters a sideways period (liquidity is exhausted, but selling pressure is also exhausted). The US stock market may still be fluctuating in search of support.
Stage Three (Rebound): Macroeconomic data finally shows a turnaround (for example, rising unemployment forces the Federal Reserve to soften its stance), BTC will start to rebound earlier than US stocks due to its light market cap and sensitivity to liquidity.