Recently, the trend of BTC has reached a critical stage. Just this afternoon, its price dropped to 94,000, but fortunately it did not fall below this key point. The author also seized the opportunity and chose to buy the bottom at 94,777. Then the price rebounded and came to around 97,000.
However, the current situation is still unclear, and the situation of US stocks and ETFs tonight will become an important influencing factor. If the US stock market performs strongly and ETFs also show a positive trend, the probability of BTC falling below 94,000 will become very small. In this way, the process of moving towards 120,000, which was originally expected to start after the holiday, is likely to arrive ahead of schedule, which is undoubtedly a situation that many investors are looking forward to seeing.
In terms of altcoin investment, if you want to buy at the bottom, it is recommended to choose those currencies that have fallen too much in the previous period. After all, those currencies that have risen many times have relatively limited room for subsequent growth, and it may be difficult to obtain ideal returns by investing in such currencies.
At the same time, investors need to be prepared for both scenarios. On the one hand, they should always be prepared to deal with the situation where the BTC price drops again. Once it drops, it will be a great time to buy at the bottom; on the other hand, if the price does not fall as expected, but continues to rise, then when it is time to chase the position, they must not hesitate and must chase it decisively.
Investment is always accompanied by risks, and this is the case at present. If you choose to hold an empty position and wait for the price to fall, you will have to bear the risk of missing out. It is undoubtedly a pity to watch the price rise all the way but fail to make a profit. But if you operate with a full position, you may encounter a sudden downturn in the market, which is the so-called "black swan" event, and then be trapped. However, there is no need to panic too much. From a long-term perspective, as long as the fundamentals of the currency you hold are not bad, and the purchase point is not too high, even if you are temporarily trapped, it is only a temporary situation. There is still hope for subsequent unwinding and profit. After all, the overall trend is that although there are short-term fluctuations downward, it is still upward in the long run.
In short, in this complex and ever-changing currency market, investors need to keep a clear head at all times, analyze carefully, and make reasonable decisions in order to find their own profits in an environment where opportunities and risks coexist.
