Emergency Reminder!

Just brushed through the market news, all newcomers in the crypto space must pay attention —— two consecutive warning signals have appeared, which may rewrite the trend of the crypto market!

First, let’s talk about how critical these two signals are: first, two American banks suddenly reported bad loans, and then U.S. Treasury yields couldn’t hold up and are about to drop below 4%. Once these two “bombs” explode, market risk-averse sentiment skyrockets!

Everyone can see it in gold, which has risen for 5 days straight, surging by 300 dollars, indicating that large funds are frantically looking for a safe “harbor”.

So who will be the next safe harbor? The answer is obvious —— Bitcoin!

As “digital gold”, it has always been an important choice for risk-averse funds. Previously, whenever the traditional market panicked, large institutions secretly increased their positions in Bitcoin, and this time is likely no exception. Once institutions enter the market, prices could rise in minutes.

A newcomer might ask: Is it still too late to position now? Don’t panic, remember these three key pieces of advice and follow them to avoid pitfalls:

First, only lightly position in mainstream coins, stay away from altcoins.

For example, BTC, ETH, these are large-cap and strong against risks, even if there are short-term fluctuations, they are much more stable than small altcoins. If newcomers are unsure, start with BTC, and keep your position no more than 20% of your principal. For instance, if you have 2000U, spend at most 200U to buy, leaving enough room for error.

Second, keep enough bullets and wait for a pullback to add to your position.

Don’t rush to go all in just because you see “it’s going to rise”; the market won’t keep rising, and a pullback is likely. For instance, if BTC drops 5%-10% from the current price, it’s a good opportunity to add to your position. Keep half of your principal on hand, and add during a pullback, which is much safer than chasing highs.

Third, closely monitor Bitcoin’s critical trends and take action only after a breakout.

Newcomers don’t need to look at complex indicators, just focus on BTC’s key levels (like the previously mentioned support level of 110,000 and resistance level of 115,000).

If it can steadily break through the resistance level, it indicates that the trend is indeed coming; then slowly increase your position. If it can’t break through, just wait and don’t guess randomly.

Finally, remind newcomers: while there are opportunities in the market, risks also exist. As previously mentioned, “No liquidation means profit”; don’t buy recklessly just because you want to make quick money.

Follow the direction of large funds for risk aversion, control your position well, and wait for clear signals before acting. This way, you won’t miss opportunities and can also protect your principal, which is better than anything else. #加密市场回调