Friends, hello everyone! Today the crypto market is hot, but not in the way we are used to. 🥶 Bitcoin fell below $98,000, and the CoinDesk 20 index lost a whopping 10% amid the tightening rhetoric of the US Fed. 💥 Let's figure out what this means for us traders and how to act next.
What happened?
1️⃣ The US Federal Reserve confirmed its tough stance yesterday. Market participants' expectations for a softer policy were shattered. 🏦
2️⃣ This caused a massive capital outflow from risky assets, including cryptocurrencies. 📉
3️⃣ SOL (Solana), which recently delighted us with post-election growth, lost a significant portion of its positions, confirming the high volatility of altcoins. 💔
What to do now?
1. Stay calm. Panic is a trader's worst enemy. 😌 In such moments, it is important to stick to a well-thought-out strategy. 📋
2. Analyzing levels. Bitcoin may test support around $95K–$96K. This is a key zone to pay attention to. 💡
3. Strengthening risk management. Stop losses and money management should be a priority. 🚦
Are there opportunities to earn?
🟢 If you are an experienced trader, such sell-offs are a great opportunity for scalping or catching rebounds.
🔴 However, beginners should refrain from speculative trades, as the market is currently extremely unpredictable.
My forecast and strategy
The market remains in the hands of macroeconomic factors, and in the next 1–2 weeks, volatility may be above normal. 🔮 I am personally looking at long-term positions at levels of $92K–$94K for BTC. But this is not advice to act, just my opinion. 😉
RESULT: Monitor the market, keep a cool head, and use current movements to your advantage. 💪
📣 Write in the comments how you are reacting to this correction! And don't forget to subscribe to my blog so you don't miss out on useful posts. 🚀
#TradeSmart #CryptoNews #BTC
