The cryptocurrency market has encountered a new round of plunges. What are the reasons behind it? How to deal with the current market trend?
Recently, the situation in the Middle East has been tense, Israel has declared war again, and Grayscale has suddenly withdrawn its application for the Ethereum ETF. These two major events have undoubtedly brought a lot of impact to the market.
However, from the long-term trend, the current market volatility is in line with our expectations. Usually, within a month after the callback, the market will experience a period of shock adjustment, and the real rising market may not start until the end of this month.
Therefore, during this period of shock, we should continue to adopt short-term wave strategies to capture profits.
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