The cryptocurrency market fell sharply yesterday, and many people are shouting that the bull market is over. Let me share my opinion.
The #伊朗导弹袭击以色列 incident immediately caused Bitcoin to fall by 5%, and the Nasdaq also fell by 2%. Oil prices did soar by 10%. To be honest, this conflict may drag on for a long time, but we must understand that this decline is mainly due to everyone's panic, and it is not a long-term bad thing. Just like the previous Russian-Ukrainian conflict, the market was in chaos at the beginning. The conflict is still there, but the stock market and the cryptocurrency market have long stopped taking it seriously.
So I said that this time is the same. When everyone is calm, the price of the currency will naturally climb back. This is how we went through the Israeli-Palestinian conflict in April this year. At that time, Bitcoin was still stable at around 63,000. If someone noticed it and made some preparations in advance, that would be great. Just like our previous Pepe, we bought the bottom at 0.1, and now we have not only recovered, but also made a lot of money.
However, when it comes to cryptocurrency trading, you really have to be careful of sudden bad news. Don't play with leverage too much. For small currencies, either use spot or use low leverage or high leverage for small positions. You have to leave yourself a way out. There are always new things in the currency circle every day. There are always some weird things in 365 days a year. When this gust of wind passes, the price of the currency will rise, but if you don't have a position by then, you will lose a lot.
Again, if you don't know what to do, click on my avatar to follow me. The password of the bull market spot strategy is shared for free.