Double opportunities for Bitcoin and altcoins. "
Bitcoin and altcoin rebound, is it time to lighten positions?"
Sailing in the ocean of cryptocurrencies requires a calm mind and a pair of sharp eyes. The market seems to have ushered in a warm wind recently. The flagship Bitcoin has set sail in just two days, with an increase of about 9%. And those small boats called "altcoins" are riding the wind and waves, with some of them even rising by 20% to 30%, and some even exceeding this figure.
Faced with such market fluctuations, some investors may consider adopting a strategy: timely lightening positions when the market picks up, and then re-entering the market after the price falls. This strategy is based on the assumption that the market may experience a so-called "second bottom", that is, retesting the previous low after the rebound, which is about 46,500 to 48,000 points.
However, every investment is accompanied by risks, just as every voyage may encounter unknown winds and waves. Before making any decisions, please make sure:
-Risk awareness: only invest funds that you are willing to lose.
-Continuous learning: Stay sensitive to market dynamics and constantly update your knowledge base.
-Asset allocation: Don't put all your eggs in one basket. Diversification can reduce risks.
-Professional consultation: Before making major investment decisions, it is advisable to seek advice from professionals.
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