what are different cryptocurrencies used for- Top snippets

Perhaps, everyone still remembers the market fluctuation on October 8, and the short-term increase of 1000 points really shocked the market. However, the main reason is that the profit-taking disk has accumulated too much, and some institutions that have been locked in for three years have chosen to smash the disk at a high level, which has triggered a market correction.From the point of view of chip distribution, the lock-up disk in previous years has been fully released in the market on October 8, and a total of about 3 trillion lock-up chips have been freed. This means that the pressure above the current market has been greatly reduced, creating favorable conditions for the subsequent rise.However, compared with that time, the current market environment has changed significantly. After nearly two months of shock adjustment, the market washing has been quite sufficient. From the technical point of view, the point continues to be under pressure from all moving averages, which just shows that the market is still in the chip cost area and has not formed an obvious upward trend. This long-term shock is actually accumulating strength for the subsequent rise.

However, compared with that time, the current market environment has changed significantly. After nearly two months of shock adjustment, the market washing has been quite sufficient. From the technical point of view, the point continues to be under pressure from all moving averages, which just shows that the market is still in the chip cost area and has not formed an obvious upward trend. This long-term shock is actually accumulating strength for the subsequent rise.Market outlook: the market will be stable tomorrow, and the historical shadow will not reappear.More interestingly, about 60 billion yuan flowed out of the main market today. This move seems to be suppressing the market, but in fact it is further cleaning up the retail chips. Many retail investors surrendered their chips in panic, which undoubtedly made room for the subsequent rise. And those investors who step on the air, in the face of the continuous market shock, are likely to choose to chase high admission in the later stage.

Market outlook: the market will be stable tomorrow, and the historical shadow will not reappear.At present, the market has the potential to continue to rise. Although it may still face some fluctuations in the short term, on the whole, it is unlikely to be a one-day tour. Therefore, I suggest you keep confidence, treat market fluctuations rationally and seize the current investment opportunities.At present, the market has the potential to continue to rise. Although it may still face some fluctuations in the short term, on the whole, it is unlikely to be a one-day tour. Therefore, I suggest you keep confidence, treat market fluctuations rationally and seize the current investment opportunities.