The cryptocurrency market plummeted!
Is the bull gone? Let me talk about my opinion below"
Last night, the situation in the Middle East suddenly changed. The conflict between Iran and Israel caused a storm in the cryptocurrency market and the stock market. Bitcoin crashed 5%, Nasdaq fell 2%, but oil prices soared 10%.
However, if you think about it carefully, this time the negative impact is more panic-driven and unsustainable. Just like the conflict between Russia and Ukraine, it also plummeted at the beginning, but now the conflict is still going on, but it has little impact on the cryptocurrency market and the stock market. This wave of Middle East conflict will be the same. When people's panic is over, the price of the currency will inevitably rise again. After all, we also experienced the Israeli-Palestinian conflict in April this year, and we survived it.
But you really have to be wary of unexpected negative impacts when speculating in cryptocurrencies. Leverage must not be fully utilized. Small currencies can use spot or low leverage, or high leverage and small positions to leave some room for yourself. 365 in the cryptocurrency market in a year There will always be a few days when something goes wrong. Wait a week until the price of the currency goes back up, don't let yourself miss the opportunity because of the position problem.
In the world of currency, which is full of variables, we must remain calm and rational to move forward steadily in the storm.
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