#MARKET UPDATE AND STRATEGY!
Bitcoin is currently trading around $59.7k, just above the critical 200EMA on the daily chart—this is a decisive moment. A bounce is likely from here, but the key lower support at $59.2k needs to hold.
Alts are presenting dip-buying opportunities, right before their next major moves. Take a look at the BTC.D chart—do you sense an incoming dump? If so, you know what comes next: altcoins begin to rally, one by one.
So, what’s the strategy?
When the market dips, it’s natural to feel anxious and consider selling. But remember, the altcoins you’re thinking of selling today might skyrocket before you can buy them back, leaving you chasing higher prices. Timing the market is incredibly difficult.
I’ve been suggesting you all to focus on preserving capital.
I haven’t traded in two weeks, and I recommend you take the same approach. Protecting your capital before the anticipated bull run is crucial. It’s coming, and I don’t want you to miss out by repeating old mistakes.
Here’s the truth:
Trading less often can actually help you make more money in the long run. Constantly chasing setups doesn’t guarantee success—building a strong, resilient portfolio with patience does.
Having been in crypto for 8 years, I’ve made my fair share of mistakes—blowing accounts and learning the hard way. Now, I’m here to share those lessons with you for free, so you can avoid the pitfalls I encountered.
Don’t make impulsive moves. Even if you’re just starting out, allocate no more than 10% of your capital to futures, and keep the remaining 90% in spot alts, BTC, and stablecoins.
Slow and steady wins the race.
Stick with me for the next 6-9 months,
Stay patient, stay focused, and most importantly, stay disciplined. 💪
WAGMI
#BTC60KResistance #PeterToddHBOSatoshi Nakamoto? #USRateCutExpected #Cryptorphic #AltcoinStrategies
