The current situation in the cryptocurrency market is worrying, but is there still hope?
The current market crash has caused many people to feel desperate or even bankrupt, and some miners are already at risk of shutting down because the price of Bitcoin has fallen below their cost price. This is an extremely unfavorable signal for the market, and the capitulation of miners may further exacerbate the desperate state of the market.
In such a market environment, the best strategy is to minimize trading operations and avoid blindly taking over, especially in assets such as altcoins, because they often continue to set new lows. Emotion-driven trading should be avoided, because such extreme markets often experience violent price reversals.
Although the market looks very difficult now, history shows that the cryptocurrency market is highly volatile and unpredictable. As time goes by and market conditions change, there will always be new opportunities and rebounds. Therefore, staying rational and adopting a cautious investment strategy may be the wisest approach at this stage.
The article has a delay, and those who do not understand the market and need real-time explanations to learn technical techniques and experience are welcome to read my introduction to the industry
