Author: Liu Jiaolian

Tips:

BTC was slightly repaired to around 84k on Saturday. I sent a brief email to the private board meeting notice on Sunday’s first quarter of March 23 in the evening and took a look at it casually. The market sentiment was very cold and stagnant.

It is said that BTC is now oversold. It is now the oversold time for the market.

Oversold literally means selling too much. This is a feeling of phenomenon. The phenomenon is that prices drop rapidly or drop sharply.

Although there are some technical indicators such as RSI to determine the oversold status. However, Jiaolian said that all technical indicators are price lag indicators.

So, it is all the same.

When you study hard and study N technical analysis books, you may realize that returning to nature, the main thing in all technical indicators is to understand and grasp two indicators, one is price and the other is trading volume.

In addition, no matter how much you learn these general knowledge that is not related to specific targets, it may not have much effect on the success or failure of investment.

In other words, among the knowledge that you need to master when holding BTC, 20% is general financial investment knowledge and 80% is special knowledge of BTC itself.

Don't make any mistakes.

No matter how many financial investment books are read, but still speculate on BTC as a stock, it is probably impossible to get a big result.

But almost 99% of people's perception is that they are stuck at this level and cannot be broken through.

There are even some big Vs in the stock circle.

In their eyes, BTC is a position allocation. If you can surpass the US stock market, you can allocate a little, and if you can't pass the US stock market, you will be abandoned like a piece of grass. This is even recognizedIt is "professional". That is, we look at all positions ruthlessly and evaluate the value purely based on the rate of return.

Investing certainly requires attention to yield, but investment cannot only focus on yield. Just like when doing business, you must certainly pay attention to income and profits, but you cannot ignore concerns and social voices.

At the time of oversold, many people started to yell at the same time that the cycle did not exist.

How come the cycle does not exist? The cycle just doesn't appear in the way people expect.

As long as there is spring, summer, autumn and winter in one year, day and night in one day, and a person's emotions are still rising and falling, the cycle will definitely exist.

Of course they are talking about the four-year halving cycle of BTC.

The four-year halving actually drives the price cycle, which is quite fascinating in itself.

The double-logarithmic correlation of price-time revealed by the power law is also a fascinating thing.

The delay correlation between macroeconomic liquidity fluctuations and BTC is also fascinating.

There are so many fascinating and worth exploring about BTC.

But don't forget the more important thing just because you are trapped in the quicksand of "life is boundless and knowledge is boundless":

Hold BTC.