Yesterday, both Bitcoin and Ethereum experienced a brief spike pullback, followed by an immediate second bottom test, with Bitcoin dipping to around 94,200 and Ethereum touching around 3,510.
As mentioned yesterday, around 3,500 for Ethereum is a relatively good low-entry position. For investors who have taken profits at lower levels or for friends who have not yet entered the market, around 3,500 is a good time to consider establishing an initial position. Bull markets typically show a pattern of sharp declines followed by slow increases; each sharp decline is actually a good opportunity for position building.
The key is that human panic and greed make many always think about buying at a lower price, but bottom-fishing is something that institutions or major players do. We just need to steadily enter according to our own plans.
When participating in the market, it is essential to have a clear plan and execute it rationally according to that plan, rather than rushing to bet heavily on a single success. Such behavior may yield short-term returns but ultimately fosters a gambling mindset, leading to giving back profits to the market. During unstable market conditions, it is advisable to avoid participating in highly volatile altcoins or high-leverage contract trading.
If participation is necessary, one can also choose relatively stable assets like Ethereum, SOL, or BNB. When the market restarts, we can follow the trend and take advantage of the altcoin rebound.
At the current stage, defense is the main strategy, focusing on preserving capital. When the market welcomes the second and third waves, we can obtain profits through reasonable layouts. Entering a bull market requires a clear trading strategy, controlling positions, and achieving reduction and zero-cost operations; these are not empty words. Once the strategy is set, the key is strict execution, which will ensure that your returns in this bull market are not poor.
Seize the great opportunity to lay low-quality coins before the second wave of the market!
XRP
Recent significant developments for XRP include the launch of programs like the WisdomTree Physical XRP ETP in Europe, which has brought stronger market attention to XRP, while also bridging the gap between fiat currency and blockchain, attracting interest from many institutions and enhancing its potential for future development.
During Trump's campaign, XRP also received considerable donation support, and after the election, the price of XRP briefly climbed to $2.9, setting a new three-year high. If Trump promotes the use of XRP as a means of crypto payment, the price of XRP may see a significant increase, further enhancing its position in the cryptocurrency market.
BGB
Bitget Token (BGB) is currently priced at $2.77, having risen 12.56% in the past 24 hours, making it a leading altcoin driving the market recovery. In the past week, BGB's price has soared an astonishing 77%, ranking among the best-performing cryptocurrencies.
BGB was launched in July 2021 as the utility token for the Bitget cryptocurrency exchange, primarily used to support payments within its ecosystem. The current strong momentum indicates that BGB is likely to break through its historical high of $2.95. If this momentum continues, BGB may further consolidate its important position in the market recovery.
OM
OM is known for its security as a Layer 1 blockchain, designed for the tokenization of real-world assets (RWA) that comply with regulatory requirements. This blockchain is built on the Cosmos SDK and is IBC compatible, aiming to provide an unpermissioned blockchain environment for institutions and developers to support the development of permissioned applications. With market sentiment bullish, OM's unique advantage provides potential strong momentum for its future growth.
