The recent market conditions are indeed difficult to grasp, the core issue lies in the lack of coherence and sustainability in the market.
Why do I say this? Everyone can observe that altcoins performed relatively well in the past couple of days, with the rise from the lows generally exceeding 20%. This seems promising, but the reality is not so simple.
Such market conditions usually do not last more than two days, and most altcoins have exhibited a "rapid rise and rapid fall" phenomenon. The gains from the recent uptick are soon reverted back to their original state. For short-term trading, this kind of market is particularly "useless"; after a day of tumult, the account balance often just spins in place, making no progress.
This is also the most headache-inducing aspect of the current market: the lack of stable rhythm, making it impossible to maintain long-term positions, while finding clear opportunities in the short term is also challenging. Therefore, the best strategy currently is to choose a relatively suitable entry point, capture short-term profits, and exit when necessary, ensuring that the gains are secured as much as possible. #uxlink #usual
There has been a major reshuffle in the cryptocurrency circle recently. You should follow the KOLs in placing orders in the opposite direction. Don’t be treated like a leek and then thank them with a smile.