The Nasdaq barely closed higher yesterday after Tesla plunged 8%. U.S. stocks and the crypto market saw a slight rebound after four straight losses, and the reasons are relatively straightforward. Expectations of improving fundamentals keep the market from declining, but they are only expectations. The actual change has yet to appear, not to the extent of a significant pull-up, which eventually manifests as repeated tossing and turning.
What is needed at this stage has long ceased to be the analysis of the K-line trend, but confidence. The bear market will amplify the negative as if there is a negative that can destroy the market every day. And the one positive direction of low prices often turns into a panic in decline, making investors blind to it.
The crypto asset market, which was second only to gold in terms of total market cap at the bull market's peak, is now only 1/3 of an apple. And the crypto market is still growing at a high rate and is far from the day when incremental growth dries up. A fast-growing industry doesn't add up to be worth as much as one company. It's more important to see the ample opportunity behind the scenes than to panic.
A year ago, countless investors pounded their chests and regretted not getting in earlier. Now, a year later, the dream price has come true. But the conviction to enter anyway has disappeared. The market is still the same. The only thing that has changed is the confidence that fluctuates with the K-line.
qr61.cn/ohvxTJ/q1oXCxM
What is needed at this stage has long ceased to be the analysis of the K-line trend, but confidence. The bear market will amplify the negative as if there is a negative that can destroy the market every day. And the one positive direction of low prices often turns into a panic in decline, making investors blind to it.
The crypto asset market, which was second only to gold in terms of total market cap at the bull market's peak, is now only 1/3 of an apple. And the crypto market is still growing at a high rate and is far from the day when incremental growth dries up. A fast-growing industry doesn't add up to be worth as much as one company. It's more important to see the ample opportunity behind the scenes than to panic.
A year ago, countless investors pounded their chests and regretted not getting in earlier. Now, a year later, the dream price has come true. But the conviction to enter anyway has disappeared. The market is still the same. The only thing that has changed is the confidence that fluctuates with the K-line.
qr61.cn/ohvxTJ/q1oXCxM