The price of Bao has experienced a significant decline, hitting $49,000, down approximately 35% from its high of $73,000.
The market sentiment is panic, and many investors are affected by the herd effect and choose to cut their profits at low prices. Especially some investors who are new to the market and have not experienced a sharp plunge, they instinctively choose to cut their profits or even clear their positions to prevent further losses.
Many institutions have spoken out about the delay and slowness of the Federal Reserve's interest rate cuts, believing that this has led to large-scale panic selling in the market. This has happened many times in history, and the result was either no rate cut or a sharp rate cut. Currently, the possibility of the Federal Reserve cutting interest rates by 50 basis points in September has increased significantly.
The bull market cycle will not end because of the plunge. At most, it will only make the trend more bumpy and the market fluctuations more violent.
Now at a critical time when emergency interest rates are likely to be cut, investors who can get in when the gem hits bottom will be more likely to reap handsome returns. As long as investors holding spot stocks are not in a hurry to exit, they will only face temporary paper losses, and prices are expected to rebound soon. Actual losses will only occur if the meat is cut when the low position cannot be tolerated.
For more market information and strategies, follow my personal homepage to find me and share spot and contract trading strategies for free.
