While you are still spending money looking for strategies, others have already found support and resistance through reading and are trading on their own... The trading journey is long, and strategies can only be seen from the market. #ETH
Market conditions change rapidly, and trading is all about the present moment; you sing whatever song fits the mountain you're on!
Bitcoin's price has once again seen a pullback, directly breaking below the significant threshold of one hundred thousand dollars. So how will the market move next? In the past day, the overall market has shown a pullback, with some of the top one hundred cryptocurrencies experiencing as much as a 20% drop. After Bitcoin briefly fell below one hundred thousand dollars, all cryptocurrencies saw a pullback, and none of the top one hundred coins showed any increase; it was all red.
Ethereum has also experienced a pullback in this round of market conditions. Previously, it had surged past a strong upper resistance but then dropped by 25%, which is quite significant. In this wave, it is unlikely to break below the level of two thousand seven hundred eighty. Currently, regarding Ethereum, if it pulls back and touches a certain point again, I would consider making a bullish move on Ethereum.
Litecoin has also been dragged down in this market wave. It had previously surged to around 130 dollars, but the price did not stabilize. With the market's pullback, its price has also seen a decline. This pullback is acceptable because the current market has not yet shown a strong trend. When it does show a strong trend, it will just be a matter of time.
So it's not that everyone has missed out on this opportunity; it's just that when the opportunity arose, people did not know how to act. Now that there's a slight drop, you get scared thinking it's a liquidation of contracts, that the bull market is over.
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