Current Situation and Operational Suggestions of the Cryptocurrency Market

Currently, the price of Bitcoin (BTC) is extremely close to the important threshold of 100,000 US dollars.

At such a critical juncture, everyone must maintain a clear and calm mind, and absolutely must not act impulsively or recklessly.

One must understand that those manipulators hidden behind the scenes are very likely to seize this opportunity to cash out. After all, being so close to a key price level, market emotions are volatile, which is an excellent time for them to take action.

Looking at Ethereum (ETH), although its previous increase was not particularly significant, it has now approached the pressure level near 3,500 US dollars.

Reviewing past market patterns, it is common for Bitcoin to enter a consolidation phase on Saturdays and Sundays. During this period, altcoins may seize the opportunity to shine and perform in the market.

However, for Ethereum, it can only be considered to have the conditions to continue to push upwards and further expand its gains when its daily closing price firmly stands above 3,500 US dollars.

In summary, when engaging in all short-term operations, everyone should not be overly attached to the profits brought by the market, and must understand the importance of timely profit-taking and loss-cutting, effectively controlling the rhythm of trading.

For those who place orders based on market trends, it is even more necessary to manage the drawdown positions properly, in order to effectively reduce risks and ensure the stability and safety of the trading process.

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