Cryptosport ๐
@cryptosport
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Hold the line, don't panic
Yesterday there was a storm on the market. The US Fed, as predicted, lowered the key rate by 25 bp to 4.25-4.5%, but the market still went into correction. Was the market growth, which was before that, already built into the price? Who cares, the main thing is that the market unloaded once again - traders left $781 mln on futures over the last 24 hours, and the fear and greed index went up to 75 points
The correction after the announcement of the rate cut continued thanks to the fact that at the conference Mr. Powell said under the cameras that by law the US Fed has no right to own BTC and is not going to change this law
But let's be honest: if the new US President and his close associates, who have full control in the US Congress, want to change the laws - they will do it. Therefore, Powell's words should not be taken as pure truth 1 reply
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A black swan inside you๐ฆข
The most destructive black swan is not a crisis๐ฃor a market crash, itโs inside you.
Every trader comes to the market with his own baggage๐งณ- beliefs, fears, expectations. These internal attitudes sometimes become a source of inexplicable decisions๐
The desire to avoid mistakes or prove oneโs rightness, the thirst for maximum profit - all this pushes๐ฆto actions that contradict the strategy.
Imperceptibly, such internal โblack swansโ begin to control ๐ฝthe process, forcing you to open unnecessary deals, violate the plan or go into deaf defense.
๐But they will never disappear. They cannot be completely removed, because they are part of human nature. What you can do is learn to notice๐their influence, stop yourself in time and maintain discipline.
The better you understand yourself, the more control you will have over what is happening.The market itself is complicated, but it is even more difficult to defeat the hidden๐installations that live inside. 0 reply
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