Bitcoin Market Volatility Warning
The Bitcoin market has experienced severe fluctuations recently, with over 240,000 people liquidated in a single day, reflecting the mindset of some investors attempting to get rich overnight.
Last night, Bitcoin plummeted nearly $4,000 in just 3 hours, dipping to the support level of $94,000.
It then began to rebound at 2 AM, showing three consecutive hourly gains, with the price rising back to around $97,000. However, this upward momentum is noticeably weaker than the previous downward trend. This morning, there has been a pattern of slight declines followed by sharp increases, encountering pressure around $98,000.
This market situation warns investors that investment strategies are crucial. One must not harbor the delusion of seeking overnight wealth, as this is often an investment trap.
True rational investment should abandon the obsession with massive profits, and even prepare mentally for small losses, but it is essential to avoid falling into a situation of significant losses. The primary principle in the investment market is to "stay alive."
