what is the value of cryptocurrency based on, Featured snippets

9.24 The policy is quite sudden, and some institutions are vacant. After the rise, the long-short game is fierce. The selling pressure yesterday and the day before yesterday came from short positions and some retail investors who were trapped above 3500 points.Like, leave a message, pay attention, and tell me that you have been here.Then in this case, when judging the market direction, we usually pay attention to the active buying volume, not just the pending purchase. When a big opportunity appears, who will choose to wait for a deal at a low position? But willing to increase the price and take the initiative to buy. On Tuesday, the market opened at its peak and then continued to decline. On Wednesday, the trading situation showed that there was almost no rebound in the market, indicating that there was no large amount of funds to actively seek buying opportunities, but there were more active selling behaviors, which may mean that the main funds were selling together with the retail investors who chased high yesterday and those who were trapped above 3,500 points.

So what should we do? ? ?For "radical investors", according to my understanding of the market for more than ten years, the success probability of radical investors who like to be short-term for a long time is 1 win, 2 draws and 7 losses.

At present, the popular point of the market trend is that there is no great synergy, high-level policies are given, institutions are still pessimistic, and only retail investors are expected to want fast cattle.