The cryptocurrency market plummeted. Is the bull market over?

Last night, the Middle East situation suddenly became tense, causing Bitcoin to crash 5%, Nasdaq to fall 2%, and oil prices to soar 10%. Although the conflict may continue, this negative news is more panic-driven and unsustainable. Just like the previous Russian-Ukrainian conflict, the initial plunge, but over time, the market gradually adapted and the impact weakened.

This incident is the same. When the panic subsides, the price of the currency is expected to rebound. After all, we have experienced a similar incident in April this year.

It is important to get information in a timely manner. When the negative news first appeared, the price of Bitcoin was close to 63,000. If you can learn about it in time and take corresponding measures, you can better cope with market fluctuations. Our Pepe coin has experienced an increase of 0.07 to 0.12. Although it was affected by this incident, it has now rebounded and still maintains a good return.

Be cautious when speculating in coins. Emergencies are inevitable, and leverage should not be too high. Small currencies can use spot or low leverage to leave enough room. Because there are always a few days in a year when the cryptocurrency market goes wrong, if the position is too large, it is easy to cause losses once an extreme situation occurs.

Summary:

* Short-term fluctuations do not represent long-term trends.

* Get information in a timely manner and make reasonable judgments.

* Risk control is the key, don't chase ups and downs.

Suggestions:

* Pay attention to fundamentals and analyze rationally.

* Diversify investments to reduce risks.

* Hold high-quality projects for a long time.

Disclaimer: The above content is only personal opinion and does not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.