Do you think the market stabilized just because of yesterday's surge? The faster it rises, the harder it will fall.
Yesterday, Trump announced a 90-day suspension of tariffs, which sent the crypto market soaring. BTC's daily increase exceeded $9,000, and when the news broke, it jumped $6,000 in one go. ETH rose by $200, and other altcoins saw double-digit gains everywhere. Do you think that means the crypto market is stable now? Many people are starting to claim that the market is stable and a bull run has arrived. I want to tell everyone that this kind of surge should not be viewed too optimistically; a major correction is about to begin. Such sudden surges will fall back down. Why?
First, this kind of surge is entirely driven by news; the more the price is pushed up by news, the harder it will crash. You can refer to the last strategic reserve announcement; the logic is almost identical, with no difference.
Secondly, currently, there are no substantial positive factors in the entire market, and there is no increase in the popularity of cryptocurrencies. It's all speculative hype, with existing funds being shuffled around. If we want to see a real surge, we need to slowly accumulate positions and let the funds gradually enter the market. That is the proper rhythm of a bull market, rather than this quick in-and-out trading.
Finally, the bull market hasn't arrived, nor has it left; it's just driven by news. If you want to make money in the crypto market, it's really not about relying on news. The greater the impact of the news, the harder it is to make a profit. This time you won, but next time you might lose, so if you truly want to make money, you need a stable market; you can't be running around every few days.
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