▪︎ What is the real reason for Bitcoin's decline?
Of course, a possible war between Iran and Israel affected the markets negatively, but the real decline is Powell's hawkish speech and the risk of recession. After this speech, there was a sharp sell-off in the US stock markets.
Then, after a long time, Japan increased its short-term interest rate to 0.25% on July 31. This was the highest level in 16 years.
▪︎ Our strategy to benefit from the crisis? When to Buy Altcoins?
My friends, if you want to make an Altcoin basket, first of all the market must be good. Currently the falling trend continues and the situation is not good.
We need to see a rising trend to buy. Trend direction is really important. You can also learn this with technical analysis.
Look, the price is not important, the market is not running away. As long as you don't buy in a falling trend when buying. Buy in trusted areas. This is the purchases after the rising trend starts.
▪︎ Tips for staying strong and resilient during market fluctuations
If you are thinking long term (Hodl), no matter what, you cannot open a trade without a stop. There is no such thing as buy and forget mentality.
If you do this, you can lose your entire balance.
Instead, let's say you bought ETH at $2,000. You will hodl. Then you need to determine a support for yourself. If there is support nearby, buy from there, otherwise wait for it to reach the support price.
If you place a stop according to the support price, it will help you buy coins at as low levels as possible in the long term.
If you act in the long term like others, or according to the logic that if you buy coins and do not sell them, you will not lose money, your 100 thousand dollars will not matter when it reaches 1000 dollars.
If you do as I say, you will always protect your balance with minimal losses and get it at the lowest level.
CryptoPNZ
