Market Analysis 5.8
Good afternoon, brothers. BTC experienced another small correction last night.
The current market response strategy has been reminding everyone
(1) Recommended position 60%-80%, do not increase position
(2) Do not chase the rebound, otherwise it is easy to be trapped
(3) Do not panic and sell at a loss
Many brothers saw that the market was slightly better, and they shouted that the bull market was coming
Heavy positions and all-in, the result was that they were trapped
Wait until the market fell and then shout that it collapsed and run away, and then sell at a loss
This cycle repeats, resulting in fewer and fewer bullets
The main reasons for this correction have been summarized in the group last night:
(1) Israel threatened to expand its military operations in Rafah
(2) Federal Reserve officials said that interest rates need to be kept stable for a "long period of time", and may even remain stable throughout the year
Currently, Hamas has held 132 hostages, 37 of whom have died.
Negotiations have stalled because Hamas demands that any agreement end with a permanent ceasefire and a complete withdrawal of Israeli troops from Gaza.
The chances of reaching an agreement are not high, and BTC lacks a new story to tell in the near future, so it will remain volatile and it will be difficult for BTC to rise sharply.
Just after it rose, the bad news pulled the price down again.
Let’s summarize the coping strategies:
(1) Recommended position is 60%-80%, do not increase the position
(2) Do not chase the rebound, otherwise you will be trapped
(3) Do not panic and sell at a loss if it falls
The market is volatile and the cryptocurrency circle is dangerous. You should make investments that you can bear the risks.
