The cryptocurrency market is optimistic about rebounding, but strategies need to be cautious
The cryptocurrency market has been rebounding strongly recently. Although we persisted when we bought the bottom, it seems that the low-level layout has paid off. However, the resistance level of 57,000 currently faced by Bitcoin cannot be ignored. This is the key area of the former M head and neck line, and there may be a risk of falling back to around 54,000 in the short term.
For investors who have not yet entered the market, it is recommended to deploy spot at low prices and seize the opportunities brought by market adjustments. When the market is sluggish, it often indicates that the Federal Reserve will increase its loose policy. In the long run, the potential for growth is still expected.
But it should be remembered that the bull market is not achieved overnight. Bitcoin needs to break through the previous high of 75,000 to confirm that the bull market has really started. At that time, you can consider converting spot to 3x leverage and potential tokens to obtain more lucrative returns. However, the risk of leverage operation is doubled, so you must act cautiously according to your own risk tolerance.
In short, although the rebound in the cryptocurrency market is gratifying, strategy adjustments need to keep up with the market rhythm, maintain calm judgment and flexible response.
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