BKEX Interpretation of cryptocurrency market on May 18, 2023
According to the plan, LDO has reached the position of 2.4 to reduce positions. Conservative investors can continue to reduce their positions for each subsequent 10% rise. At 2.7 or above, all positions will be reduced. Aggressive investors can appropriately retain positions to play the new high market.
Other altcoins that have not yet performed can wait patiently for rotation. Altcoins index is still hovering at a low level. The exchange rate repair market still needs to be in full swing. The varieties that have yet to rise significantly are worth looking forward to.
The net inflow of ETH pledges has exceeded 1 million pieces. The market is starting to remove the previous valuation of extreme risks. Combined with the probability that the Federal Reserve will stop raising interest rates next month, the overall picture remains positive.
This rise is defined as the last rise of a bullish wave, and it is inappropriate to chase the high entry. Please preserve your capital during the rise according to your risk appetite. While it is possible to miss a period of more significant profits in the FOMO by reducing your position too early, the risk will increase as the rally progresses. Under the premise that the market is not particularly bullish in the second half of the year, it is necessary to reduce positions out of the market in batches.
Other altcoins that have not yet performed can wait patiently for rotation. Altcoins index is still hovering at a low level. The exchange rate repair market still needs to be in full swing. The varieties that have yet to rise significantly are worth looking forward to.
The net inflow of ETH pledges has exceeded 1 million pieces. The market is starting to remove the previous valuation of extreme risks. Combined with the probability that the Federal Reserve will stop raising interest rates next month, the overall picture remains positive.
This rise is defined as the last rise of a bullish wave, and it is inappropriate to chase the high entry. Please preserve your capital during the rise according to your risk appetite. While it is possible to miss a period of more significant profits in the FOMO by reducing your position too early, the risk will increase as the rally progresses. Under the premise that the market is not particularly bullish in the second half of the year, it is necessary to reduce positions out of the market in batches.