Top Crypto Pros: How to Stay Unfazed by Short-Term Fluctuations?BTC hit resistance today, with a relatively small overall drop, currently remaining at a high level. After falling from its peak to around 57,000, it quickly rebounded to near 60,000
Top Crypto Pros: How to Stay Unfazed by Short-Term Fluctuations?
BTC hit resistance today, with a relatively small overall drop, currently remaining at a high level. After falling from its peak to around 57,000, it quickly rebounded to near 60,000. While seemingly volatile, the price is actually hovering around the same level, while other coins lack the rebound power after their decline. ETH is relatively weak, with a rebound from 2400 to 2560, a fluctuation of 160, but the rebound from the previous 2100 has been slow and weak. The four-hour chart shows that ETH continues to perform poorly, with intraday support levels to watch in the 2460-2400 range. 2400 remains unbroken, so it's recommended to continue monitoring the consolidation in the coming days.
The key for the current market is to maintain a clear mind, not blindly optimistic just because it's a bull market. First, understand the essence of a bull market and identify its driving factors. The formation of a bull market has its key conditions, rather than simply regarding a rebound as a bull market or a decline as a bear market. Approach the market with an objective perspective, rationally face your inner thoughts, and be prepared for the worst.
Furthermore, the September interest rate cut by the Federal Reserve is almost a certainty. No matter how much they cut, it will be a long-term positive for the market. Before the cut, traditional financial institutions are likely to complete their ETF purchases, and a few months is enough for them to buy the dip. Based on these factors, Bitcoin is highly unlikely to fall below $50,000 in September, and the probability of breaking through $70,000 is higher.
September Crypto Outlook:
1. Bullish on BTC Ecosystem: This includes BTC staking, wBTC competitors ($T), inscriptions/runes ($SATS, $ORDI), and $RUNE.
2. Focus on UNI in DeFi: This is a crucial catalyst for the current DeFi ecosystem, and $COW is also making some moves.
3. Solana Ecosystem Cool-Down May Offer Buying Opportunities: $JTO, $CLOUD, $DRIFT, $KMNO are worth watching to see which one captures market attention.
4. Proceed with Caution When Considering RWA Assets: $MPL and $CPOOL are two projects worth keeping an eye on.
5. MakerDAO Name Change May Trigger Market Hype: $LQTY also has potential benefits.
6. CZ Release from Prison is a Positive Expectation for $BNB Related Projects.
7. Pendle is Moving Closer to the BTCFi Space.
In crypto trading, whether you can make money is actually easy to determine. Observe the dynamics around you and in your community, and you'll notice some interesting phenomena that often reveal their profit potential in the crypto space. Traders can be divided into three tiers: ordinary people, pros, and top pros.
Ordinary people often engage in heated discussions in the community about 1-2% fluctuations, with volatile emotions. They constantly stare at the charts, afraid to miss any minor changes.
Pros are slightly better, but when the market fluctuates by 10-20%, they also start to feel anxious or ecstatic. You can sense the rise and fall of the market from their expressions and tone. They constantly hesitate about whether to buy more or sell.
Top pros are entirely different. After buying the dip, they rarely watch the charts, only occasionally checking to see if the trend reverses. They only react when the price is halved or doubled. They live leisurely lives, unfazed by short-term fluctuations, remaining worry-free as long as the overall trend remains unchanged. They deeply understand human weaknesses and how difficult it is to overcome them. Therefore, they reduce their chart-watching frequency because the more they look, the harder it is to fight human nature.
Emotions are dynamic; you feel one way when prices are up and another when they're down. If you can't control your emotions, you'll be controlled by them, eventually deviating from your original plan. Top pros clearly know when to be greedy and when to be fearful. When the market is surging, they feel fear, while most people are buying the dip at that moment, actually satisfying their inner greed. When the market crashes, it's the perfect time to deploy capital, but most people choose to cut their losses. They're not cutting their chips, but rather their fear, ignoring the reality that their principal gets smaller with each cut.
This is the hierarchy of trading. You can compare yourself to see which tier you belong to, as this will determine whether you can make money in the crypto world.
That's all for today's article. We are currently in a bull market, with a dynamic landscape. There's a code we share every day.
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