$BTC experiencing the players come back and selling, a normal scenario that impacts the whole crypto market, and that’s just part of the game, this is how the market moves and gain momentum, accumulation phase is still undergoing, some friends may be panicking and selling at loss, which reminds some of the best advises one can receive here at Binance Saquare:
1- Always do your own research (DYOR)
2- don’t to not sell at a loss, don’t panic (unless losing your money is part of your strategy)
3- Manage your risk (you don’t have to be a trader to understand the need of protecting your money and investments)
4- Evaluate and reevaluate positions.(be accountable)
5- Repeat.
Also, one cannot avoid the risk, it can only be managed; and finally, even after understanding trends, products, an analysis can be wrong, so remember that No one can predict exactly what and when something is going to happen, so don’t fall or just follow masses.
So right now Bitcoin showing the same resistance test of previous hours, remain above $95k and still fighting with the support provided by the new players on the market (companies, governments and institutions), they will consistently acquire bitcoins until they’re all mined and finally that’s when the rally ends; and I know you understand the ratio of new bitcoin mined in a daily basis vs the total amount of bitcoin that will ever exist, this is just getting interesting by the hour)
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Disclaimer: my opinion doesn’t constitute financial advice, always conduct your own research and know your assets, since the crypto market and trading involves high risk.
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Happy crypto!