After recently landing on South Korea's leading exchange Upbit, the market has shown dramatic fluctuations.
After briefly breaking through the core support level of $2, market sentiment reversed, and a 35% position dynamic reduction has been executed.
Currently, attention should be focused on the dual suppression effect formed in the $2.7 and $3 range, as these two price points may become key battlegrounds in the long-short tussle.
It is worth noting that the participation depth of South Korean traders may reshape the short-term price structure.
For investors with high position concentration, a tiered reduction strategy is recommended to cope with potential volatility.
The market is always in dynamic balance; one should neither mechanically execute established plans nor excessively chase fluctuations. Maintaining a balance between strategic flexibility and risk control is the key to winning.
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