Modified content:
On July 31, the current price of Bitcoin was approximately $66,000. Based on the current market trends and technical analysis, it is recommended that investors continue to hold Bitcoin and pay attention to possible rebound opportunities in the short term. It is expected that the rebound target may be around $68,000. At that time, you can consider operating again near this location, but be sure to make your decision based on real-time market conditions and personal risk tolerance.
Since Bitcoin’s rise from lower prices, its price has gone through two significant rising cycles, each of which was followed by a correction of approximately 20% to 30%. Currently, Bitcoin seems to be in the early stages of its third round of rise, but it is also in the first stage of its C-wave decline. According to technical analysis, the target for this round of decline may be at $64,000 or lower to the $60,000-61,000 range.
However, it needs to be emphasized that there is always uncertainty in market forecasts, and the fluctuation of Bitcoin prices is affected by many factors, including but not limited to global economic conditions, policy changes, market sentiment, and technical factors. Therefore, investors should remain cautious when making decisions and consider using risk management tools, such as setting stop-loss points, to account for potential market fluctuations.
In addition, it is recommended that investors continue to pay attention to market dynamics, including indicators such as Bitcoin’s trading volume, trading activity, and market sentiment changes, in order to adjust investment strategies in a timely manner. At the same time, you should also pay attention to the diversity of your personal investment portfolio and avoid concentrating all funds on a single asset to reduce investment risks.
