There may be two main situations in the market trend in the future:
1. Breaking and then pulling up: The market may first break the key support of $57,000, then fall to a certain level and oscillate for a period of time, and finally pull up again. In this case, there may be fewer opportunities for swing trading in the short term, and you need to wait patiently for the right time to buy the bottom.
2\Start the main rising wave after oscillating at the current position: It is also possible that the market will oscillate at the current level of around $61,000 for a period of time, and then gradually start the main rising wave. In this case, you can consider looking for a suitable buying opportunity within the oscillation range.
Coin friends can adopt a batch bottom-picking strategy based on their positions and risk preferences. One way is to build a partial position first and wait for a possible subsequent break and retracement; the other is to choose to build a position at the current position and prepare for a possible main rising wave.
When choosing a specific cryptocurrency, it is recommended to pay attention to market capitalization (MC) and fundamental valuation (FDV), which will help evaluate its potential value.
In general, the market sentiment may be extremely high during a crazy bull market. At this time, you should avoid blindly following the trend, especially avoiding buying the first-time opening of the exchange currency, which is often taken over at a high price. Investors need to carefully assess market risks and make rational investment decisions.
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