The Market is Sideways: Please Wait
Currently, the cryptocurrency market is in a sideways state - price fluctuations within a narrow range and no clear trend. Bitcoin (BTC) is maintaining a slight decrease of -0.67%, trading around the threshold of $96,880. Meanwhile, altcoins like ETH, DOGE, and SOL are also recording declines ranging from 3% to nearly 7%.
This state may confuse investors when deciding to enter the market. However, it is also an opportunity to observe, conduct technical analysis, and prepare strategies. Be patient and wait for clearer signals before making trading decisions.
Advice:
• Do not rush to open large positions when the market does not have a specific trend.
• Set tight stop-loss to protect capital.
• Closely monitor BTC's movements, as Bitcoin's trend often leads the entire market.
Remember that patience is one of the key factors for success when trading during a sideways phase.