A few practical suggestions for the current market
If you have profitable positions, don’t hesitate; securing profits is the most reliable option. Don’t wait until profits are lost to regret.
If you’re already stuck and don’t want to cut losses, don’t hold on stubbornly; set your stop-loss first. If it truly breaks through the key level, make a decisive exit. A small loss is acceptable; don’t let your principal shrink to the point where you have no chance to recover.
In tonight's market, technical analysis is useless; news is the key. Keeping a close eye on news is more important than anything else.
Let’s talk about what’s next:
1. Bitcoin is likely to fluctuate downward; don’t rush to bottom-fish with every small drop. It’s not yet time for a stable entry, and rushing in could lead to being stuck. 2. The Federal Reserve’s interest rate cut is basically confirmed. The previous news release was meant to reassure the market and stabilize emotions, not to drive the market up. 3. The advance notice of the interest rate cut is primarily to give risk assets time to digest and hedge; don’t overthink it. 4. Those looking to bottom-fish must wait; the market doesn’t only go up without going down. Entering now could mean getting caught halfway up the mountain; it’s better to wait for a clearer trend before acting.
#BTC #ETH #bnb
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