Recently, Bitcoin's market has been somewhat volatile. Yesterday, Bitcoin fell below $94,000, presenting a downward opportunity. At the same time, the sudden collapse of the Korean exchange led to a panic sell-off in the market. Fortunately, we can see that Bitcoin received strong support around $93,000, and the market's decline has begun to narrow.

Ethereum also did not escape this decline, falling to around $3500 at its lowest. However, this instead provided investors with a low buying opportunity. Ethereum can continue to be held, waiting for the price to rebound to $4000. Currently, Ethereum's trend is relatively slow; although its price has been fluctuating, the overall direction is fine. Although it rises slowly, it will ultimately reach its rightful position. If the price continues to dip below $3600, feel free to add to your position.

BNB's rebound opportunity

Yesterday, led by Bitcoin, BNB's price dropped to a low of $622, but after experiencing panic selling, BNB welcomed a rebound market, breaking the historical high and rising above $720. The current price has already risen to $770.

I mentioned before that BNB's target range is between $1400-$1800. This increase will not happen overnight, so we need to hold patiently. The current market environment is very hot, and many coins are experiencing significant rises, with the possibility of doubling in a single day in the short term. Therefore, if you are optimistic about BNB, you can also gradually position yourself through spot trading.

Additionally, CAKE has also started to gain momentum recently and has performed well. If you have sufficient funds, you can consider focusing on BAKE, which, although it hasn't made much noise yet, has a history of explosive growth. In this crazy bull market, coins like BAKE may explode at any time. If you want to make relatively low-risk investments, you can consider small positions to strive for larger gains when the market rises.

Risk control in a bull market

Although it is currently a bull market, we cannot ignore the short-term pullback risk. Recently, the market share of USDT has fallen to a low level since the beginning of this year, currently at 3.88%, close to the beginning of the year's low point of 3.78%. This means that many projects' prices have not fully risen yet, and there are still opportunities for excess returns. Although there are many opportunities, we need to seize the time.

When investing in cryptocurrencies, we must remain vigilant at all times to avoid encountering 'black swan events.' Yesterday, the collapse of the Korean exchange caused the market to plummet sharply, dropping to $70,000 in a short time. If contracts were opened at that time, they would probably have been forcibly liquidated. Therefore, although there are many opportunities in the market, the safety of capital is more important. While making profits, remember to withdraw some funds in a timely manner, and avoid full positions or using high leverage. Long positions should always maintain a certain level of defense, long-term investment is more important, and living long is more worthy of pursuit than earning more in the short term.

Summary

Bitcoin and Ethereum's market fluctuations are significant, but there is still a lot of room for growth. Especially for Ethereum, if it dips below $3600, you can continue to add to your position, with a long-term outlook of $10,000 target.

BNB and CAKE have strong rebound potential and can be allocated moderately. BNB's target is between $1400-$1800, and CAKE is also gaining momentum, worth paying attention to.

Coins like BAKE and DODO also have a history of explosive growth, which carries higher risks, but if you're willing to take risks, you can moderately position yourself.

Risk control is very important. Although it is currently a bull market, there are still unforeseen risks in the market. When investing, it is necessary to manage funds well, avoid full-position operations, and withdraw some profits at all times to ensure fund safety.

Today's article ends here, welcome to come to the homepage to play together~

Investment carries risks, and the above content is personal sharing, not investment advice!