#bgb Is the price fluctuation a good thing or a bad thing?
I am also an early holder of BGB. Others say that I am a big BGB holder. Maybe that is the case.
In my opinion, the platform coin is the facade of an exchange. Other coins may perform badly, but the exchange will do its best to ensure that its platform coin performs well, especially a new star exchange with a booming business like Bitget, which will pay more attention to its platform coin and ecological development.
Today's price fluctuation is the first in the history of BGB. It may be related to the opening of contracts and the encounter of big sellers. These are emergencies and can be easily prevented in the later stage. It is nothing more than optimizing the market.
From the market, the price fluctuation process is as follows:
At 10 o'clock in the morning (mainly in the last 5 minutes of the 1H closing), the price fell sharply, and a lot of panic orders were brought out at the same time. However, it can be seen from the market that the platform quickly took over all the panic orders at a high price and maintained the price at the level of normal fluctuations. From this point alone, we can see that Bitget is determined to protect the market and the platform funds are sufficient, so there is no need to worry.
From a technical point of view, it is recommended to slowly move the price to the range of 1.02~0.98 in the next 3~5 days, then wash the unsteady chips, and then pull the price to 1.25~1.42, it will be perfect!
The big bull market is coming soon. I plan to layout some tokens that are about to usher in good news, and also look for some currencies with long-term potential to hold until the end of the year. Friends who play spot can find me on the homepage to get my latest strategy and detailed points!