The international situation has changed dramatically, Bitcoin has reacted with fluctuations, yet seasoned investors are ready to take action.
This morning, a thunder struck the Singapore market! Bitcoin suddenly dropped 3%, briefly falling below the 103,000 mark, while Ethereum quickly dropped nearly 7%. The global crypto market reacted with fluctuations, causing many investors to feel anxious.
Don't panic! There are secrets behind the decline!
This fluctuation is not due to issues within the cryptocurrency space, but rather the unexpected geopolitical events in the Middle East (related to Israel) impacting all global risk assets, with traditional stock markets, oil, and gold also fluctuating simultaneously. With the environment being this way, cryptocurrencies naturally cannot stand aloof.
Technical expert and co-founder of Orbit Markets, Caroline Mauron, has long pointed out the key: there is strong technical support for Bitcoin around 101,000! This means the downside is limited, and there is a 'safety net' below. The short-term price will indeed be swayed by news sentiment, but the medium to long-term trend will not reverse!
History tells us: a pullback is a golden opportunity!
Looking at the Bitcoin candlestick chart, every sharp drop caused by external events is, in hindsight, an excellent buying opportunity:
In March 2020, global panic from the pandemic led to Bitcoin's halving, and subsequently, an epic bull market began;
In January of this year, there was a dramatic washout just before the ETF approval, after which the price soared;
This pullback near 103,000 may be another 'easy question' in the middle of the bull market!
The big players clearly intend to wash the market with news, shaking off the hesitant retail investors to lighten their load. When the market is panicked, it is precisely the right time for smart money to quietly position itself. Moren's point is spot on: geopolitical impacts are destined to be short-term noise, unable to change the long-term value logic of crypto assets as digital gold!
Tycoons say: When it falls, you must dare to act!
The real crisis is the opportunity slipping away from you! When others panic sell due to news, it's our chance to focus on value and gradually allocate core assets (BTC, ETH). Remember: every decent pullback in a bull market is a big red envelope from the market!
Wall Street legend Peter Lynch once said: 'A stock market decline is as common as a snowstorm in Colorado in January; if you are prepared, it can't hurt you.'
Looking back ten years from now, you will only regret why you hesitated at 103,000! Market panic when you are greedy, strong support has been clearly indicated below, which side are you on in this wave of operation? Feel free to share your bottom-fishing plan in the comments!
A 3% drop? What’s there to panic about! The big players are throwing money, the 101,000 iron bottom has already been revealed! Follow me tonight; we must eat well this time! Eat meat with the tycoons, not just the soup! Follow 'Tycoon Trends'; the bull market doesn't wait for anyone, getting rich relies on action, not fantasy! Move immediately!
