In the current cryptocurrency market, investors' patience and decision-making ability are being severely tested. For those investors who are still holding short positions, it is difficult to withstand the current market pressure without sufficient financial strength. For those investors who do not have enough funds and have to carry out lock-in operations, they have actually lost the initiative in the market. In this case, any difference in thought may lead to serious consequences.
At present, the focus of the market is still on the key price of $68,500. Bitcoin ($BTC ) has been fluctuating narrowly below this price for three days, and as of now, the price is still hovering around $68,000.
Judging from the price trend, the resistance level of $68,500 does not seem to be a big obstacle, because it is a key decision point for bulls. Many investors do not understand why the price of the currency continues to rise, the technical indicators seem to have lost their effect, the technical patterns have broken across the board, and there is no obvious top above. Although the rising speed of the market is not very drastic, its sustainability is very strong. Therefore, investors have to follow the trend and choose to go long during the callback, while forced shorting does not make much sense.
However, as the trading week draws to a close, investors need to remain vigilant. The market cannot only rise without falling, which goes against the objective laws of the market. The alternation of yin and yang is the norm in the market, and the K-line will inevitably fall back. At this time, investors need to remain patient and calm. In the short term, we may first see the market fall back. If the market does not fall back, we will no longer continue to chase high positions. It's that simple. Moreover, today is the well-known "Black Friday", and it is not surprising that unexpected situations occur in the market.
In general, investors need to remain calm and patient when facing the current market conditions, reasonably control risks, and adjust their trading strategies according to the actual market trends. At the same time, they should also pay attention to possible unexpected situations in the market and be fully prepared. In the cryptocurrency market, only investors who can remain rational and self-disciplined can find real investment opportunities in fluctuations.