The market trend in the past few days has indeed exceeded many people's expectations. In an extreme market environment, technical indicators seem to be temporarily ineffective. In the past week, Bitcoin has fallen directly from about $64,000 to about $54,000, a drop of about 16%. This large adjustment is not common.
According to the Fear and Greed Index, the current value is 26, and the market sentiment has shown obvious panic in the past two days.
However, when others start to lose money and choose to exit, it is precisely the time to consider entering the market. If you still believe that we are still in a bull market cycle, the range of $47,000 to $56,000 may be your last chance to enter.
In general, this market volatility may continue until the end of the third quarter of this year, and September and October may usher in a new direction for the market. Therefore, patience is crucial, and short-term fluctuations should continue to be ignored, and learn to make friends with market cycles.
The current market is volatile. Whether you are keen on Heyue or spot, you can check the clipping to find me. After the sharp drop in the market, I am also optimistic about several potential coins and are ready to lay out.
Might as well join me to capture the next wave of opportunities in the market.
