Emotions are in a frenzy, don’t take risks lightly

Madman said

Madman believes that people can be divided into three categories:

A very awesome person

Awesome person

General people

In fact, from the perspective of assets, they are basically the rich middle class and ordinary people, and these three types of people have very distinct characteristics. If the third type of people get together to chat, you will find that they complain more, or have many ideas, but they cannot be realized for various reasons. The second type of people are often practitioners. They are willing to work hard to try different lives, willing to progress and change themselves with the times. When these people get together, they always think about how to do it, so they become the middle class. The first type of people are even more powerful. They not only practice constantly, but also reflect on themselves in the process of practice, keep an empty cup mentality at all times, continue to learn, and create new things that others cannot imagine through learning, so they eventually attract everyone's attention.

Take Bitcoin for example. It is the same Bitcoin. We go to different people and tell them what Bitcoin is. Some people think it is a scam and don’t want to listen at all; some people are willing to listen and judge whether it is valuable based on what they hear; there is another type of people who are willing to learn and drive themselves immediately when they hear something new, and understand whether it is valuable through more channels. These three types of people will eventually achieve different lives. Bitcoin is a simple counterattack opportunity that should be seized. Now, you will still be ahead of 90% of people, so you will still be the 10% who make money in the end. If you don’t know why others can make money, it is better to understand and learn first. There is really no such thing as pie in the sky in this world.

Pantera Capital plans to issue $134 million in shares. The CEO said that the growth potential of Defi may exceed the growth of Bitcoin, and the company is focusing new investments on emerging financial fields. It is not known whether the $134 million in financing will be invested in the Defi market, but it is clear that Defi is still a market favored by many bigwigs and institutions. Judging from the data of Defi, Defi will not end. On the contrary, it is likely to give birth to more awesome assets.

Many people do not understand what Defi is for. Let me give you a simple example. If an American is short of money and is willing to pay 8% annual interest to borrow money, and you happen to have this money, in the blockchain world, a smart contract can solve your borrowing problem. He mortgages the relevant assets, and you provide the funds he needs to earn interest. Once the conditions are met, the funds will be returned instantly. This is impossible in the real world. This is the barrier of Defi. It is a borderless value transmission , which is also the true meaning of blockchain technology. In layman's terms, you can understand it as a global P2P lending network, or a global borderless financial architecture.

Of course, the biggest problem of Defi is still network security. Previously, the cucumber farm was stolen for 20 million US dollars. Defi has become a paradise for hackers to make money this year, and technical barriers still exist.

The Fear and Greed Index is 94. The closer it is to above 95, the greater the market risk.

Tether added another 250 million USDT, and incremental funds are still entering the market.

South Africa’s financial regulator has proposed to treat the cryptocurrency market as a financial market, which includes exchanges and platforms. It seems that the compliance of the global crypto market is also progressing steadily. Once global compliance is achieved, the millions of existing cryptocurrency investors around the world will be extremely early seed investors.

Market Analysis

Bitcoin:

Judging from the performance of Bitcoin today, the market leader did not take over the market again, but chose to pull back first. After the collective climax of mainstream currencies last night, this round of compensatory rising sentiment was basically released. Many funds that missed out on Bitcoin are seeking this comfort opportunity, indicating that the market's rise may come to an end. But what is uncertain at present is the situation after Europe and the United States go to work on Monday. Whether institutions will continue to buy frantically, or there will be a phased cooling after the release of emotions, we don’t know, so from tonight to tomorrow night, it is difficult for the market to return strongly, but after Europe and the United States go to work tomorrow, the final direction of Bitcoin will depend on others. Those who want to buy at the bottom can wait until tomorrow afternoon to see.

ETH:

The inverted hammer at a high position is the pattern of many mainstream currencies, but Ethereum is different from other mainstream currencies in that it is in the sky and is not heavily locked up above. In addition, the number of 2.0 deposit contracts is rapidly increasing, with nearly 100,000 Ethereums added from yesterday to today. The improvement in fundamentals will also promote Ethereum's future strength, and it is still a buying opportunity after a short-term correction.

XRP:

It will not be easy to recover today's huge upper shadow in the short term, because Ripple has purely made a wave of compensatory rally. It is somewhat shocking to rise to this extent. It is likely driven by the crazy emotions of domestic investors. From the perspective of risk avoidance, it is recommended to reduce positions. If you are bold, you can keep an eye on the 5-day line of the 4-hour chart. As long as it is not effectively broken, hold on to it.

LINK:

It continues to rise along the 5-day line and has a slight pullback today. It is still on a healthy track. There is still a chance to rise after Bitcoin pulls back in the future.

BCH:

The huge upper shadow is a follow-up move. This round of compensatory rise is basically completed, and the market will most likely return to adjustment.

LTC:

Last night, the main stocks that rose as a result of the emotional outburst were the compensatory stocks. Litecoin, on the contrary, was not very strong, and was mainly subject to short-term corrections. After Bitcoin stabilizes, Litecoin will have new opportunities.

BSV:

It took two days to make up for the rise. It and BCH are the relatively weakest in the mainstream and their sustainability is not strong.

ADA:

Among the coins that are making up for the losses, ADA and Ripple are the leaders and they continue to be strong today. You can hold them along the 5-day line first.

EOS:

Just two days after the rebound, 26.31 million EOS were transferred out of PLUSTOKEN’s wallet. Obviously, this abnormal movement was intended to crash the market, which is not conducive to its continued rise, and the main focus is on reducing positions.

ETC:

As the sentiment has reached the pressure level and the volume has not been effectively expanded, it is recommended to reduce positions.

DOT:

Weak linkage, short-term profit can be taken.

YFI:

The uncles also had a sharp correction. Market funds withdrew quickly from these high-priced stocks, and then went to the lows to make up for the rise. Therefore, the market will most likely enter an adjustment cycle.

The first strong support of this wave of correction is around 17,400. Don’t be brought in by the FOMO sentiment of the market. Every time everyone forgets about the risks, the risks will come quietly. Being an old investor who knows how to advance and retreat is the only way to achieve stable profits.