Bitcoin plummets again! Who is to blame this time?
Last night, the price of Bitcoin staged a thrilling roller coaster ride, once soaring to a high of $67,087, and then quickly retreating. In the early hours of the morning, Bitcoin failed to effectively push back the support level, the market trend was frustrated, and it may face further downward pressure in the short term. However, every adjustment in the market is a good opportunity for investors to rearrange their positions. As the impact of Grayscale Capital’s sell-off of Ethereum and Mentougou gradually emerged, market sentiment became cautious. Coupled with the uncertainty in European and American stock markets amid expectations of interest rate cuts by the Federal Reserve, capital has begun to seek safe havens, and profit-taking has become a mainstream trend. Tesla's weak performance has made matters worse, becoming the trigger for the withdrawal of market capital. Although the Fed's interest rate cut policy cannot immediately boost the market, it will provide a window for capital to find low-price buying opportunities, and the main capital will patiently wait for the best opportunity.
This week, market volatility has intensified significantly, and risks and opportunities coexist. For investors with low risk tolerance, the risk of futures trading has been higher than last week, and it is recommended to avoid it temporarily. At the same time, investors should pay close attention to the golden hours of market trading: 5:00-7:00 in the morning, 12:30-13:30 noon, and 18:30-19:45 in the evening. There are abundant trading opportunities during these periods, which are closely related to those in the United States, Asia, and Europe. The trading times of the main players in Asia, Europe and the United States coincide, which is an excellent opportunity to capture the pulse of the market.
At 1:00 in the morning, the market enters a critical turning point. Investors need to adjust their work and rest to avoid impulsive operations late at night, because this is when the U.S. market is most volatile. The current market correction provides a rare opportunity for spot layout.
Most altcoins have fallen back to the price before the middle of the month, but the trough of this market may also herald a strong rebound in the future. The main weekly rise from October to March may be after this wave of bad news is exhausted. of dawn.
For investors, now is a time to test their courage and wisdom. Every time the market falls, ETF inflows increase, and the market gradually shows signs of strength. There are fewer and fewer opportunities for heavy volume declines. Investors should seize the opportunity and get on the train at the right time. The Mentougou incident may become the last excellent entry opportunity. In the ever-changing market, only by staying calm and analyzing rationally can you be a sure winner in the cryptocurrency wave.
