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The bottom of the market is far from there, and patience is king
When it comes to the volatility of the crypto market, we are like a roller coaster, sometimes skyrocketing, sometimes weightless. BTC hit $80,000 again today, which actually gives us a warning sign that the market may not have bottomed out. The world of cryptocurrencies is not just about ups and downs, it is greatly affected by policy changes, strategic reserves and other factors. In particular, the recent changes in the regulatory policies of various countries on cryptocurrencies are like a dark thunder, and any small shock can lead to a panic decline in the market.
If BTC falls below $70,000, that's the real "entry signal". This price is relatively undervalued, and the market has already priced in enough panic that investors' fears often create opportunities for a later rally. Therefore, it is more likely to continue to fluctuate in the short term, and it is the safest strategy to hold the currency patiently and wait for the real entry opportunity.
In terms of trading strategy, it is still advisable to remain cautious. It's a good idea to open a position in batches, take control of your position, and leave yourself plenty of room to wait for the real bottom of the market. #F1 Speed Racing, Share $50K #Recent Crypto Market Insights #BTC Included in Strategic Reserves