Last night, the U.S. stock market experienced a slight decline, but did not continue to drag down the cryptocurrency market. On the contrary, the cryptocurrency market rebounded during the U.S. stock market hours, showing a slow upward trend, which to some extent reduced the level of panic.

Currently, the overall trend of the market is still characterized by volatility. In order to establish an independent market trend, Bitcoin must rise above the 60,000 level. Therefore, until it does, it can be understood as bottom probing and wide oscillation.

When trading in the short term, pay attention to the following points about Bitcoin fluctuations:

Block orders are usually smart money. For example, there may be a situation of needle-pinning tonight. The block orders will enter the market one day in advance and wait for the data release to make a move.

The occurrence of needles is caused by the quick entry and exit of block orders.

If block orders buy and sell in a normal manner and maintain a steady frequency, there would be no needle-pinning phenomenon. You can see that in a bull market with a unilateral upward trend, there are very few cases of daily needle-pinning, right? Generally, one or two large needle-pinning occurrences accumulate over a month. After all, block orders also need to make money. If they enter and exit frequently on a daily basis during a bull market, they are prone to losing out.

The rebound in Monday afternoon and Tuesday morning was caused by the entry of block orders on Monday evening. The needle-pinning yesterday morning was caused by the exit of block orders. We had already warned that funds could be withdrawn at any time during the rebound on that day, so the needle-pinning yesterday morning was not surprising at all. We issued the prompt of 'the needle is getting closer' in the morning, and it happened in less than half an hour.

Is September the best time to buy low? How do you buy low at the bottom?

The market situation is not something we can control. The capital institutions are operating, and we are just followers, we can only follow the market. It's not scary to be trapped because it's not just you who are losing money, so you need to maintain a good mindset.

Instead of complaining every day, it's better to learn more, improve your knowledge, and explore the unknowns in this industry. There's a lot more for us to learn, not just trading cryptocurrencies.

Don't be wishy-washy, have your own understanding; otherwise, you will never make money! Other people's opinions are just opinions, at most they can be used as a reference, but you must have your own awareness and actions.

If you think the market has already bottomed out, then how do you operate efficiently?

Since March 14, the market has been adjusting for nearly six months. Although the volatility during this time is not unfamiliar, there is a key point that cannot be ignored: the stock market tends to fall in September, but often sees an increase in October.

So, despite the disappointing downward trend in September, this may actually be the perfect time for you to buy in.

Altcoins have already fallen as much as they can: an obvious phenomenon is that the recent decline in bitcoin has not effectively triggered panic selling of altcoins. So, as long as bitcoin shows a strong bullish trend, the altcoin market and confidence will return.

Pessimistic people will say that September will continue to fall, but optimistic people believe that it is precisely at this time that you can enter at a low price and prepare for the upcoming rise.

You need to understand that, under limited financial conditions, how to choose symbols and manage positions directly affects your risk-reward ratio, which is crucial.

Remember, accurate selection and strategy management are the secrets to success!