#BTC☀
《Market Turbulence — Beware of Risks》
The Bitcoin daily volatility reached 7000 points, failing to hold the 100,000 mark. The trend seems to be testing the support around 97,600 to see if it is solid, and there are signs of a narrowing range. Coupled with tonight's non-farm payrolls and unemployment rate at 9:30, today is destined to be an unforgettable day.
After Ethereum broke through 3,500, Taka mentioned that the next major resistance would be around 3,960, which has been validated today. The support below is around 3,730, showing a downward oscillating trend.
This week, the inflow of funds into Bitcoin ETF and Ethereum ETF in the US stock market is still quite substantial, pushing the market forward step by step. Taka believes that the current market carries great risks but may also present opportunities. One should not blindly enter the market to catch the bottom, as this could lead to financial losses.
The wise do not fall into the trap of a collapsing nest. Please maintain sufficient patience; trading tests one’s mentality, and market fluctuations can wear down one’s character. Wait for the right moment; when the market stabilizes, that will be your time to shine.
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