This afternoon, the crypto market continues to witness strong selling pressure with red dominating. Bitcoin (BTC) and Ethereum (ETH) both fell sharply, pulling down investor sentiment. In this volatile period, staying calm and effectively managing risks is extremely important.
1. Current market situation:
• Bitcoin (BTC): Currently trading around 101,295 USDT, down -2.37% in the last 24 hours.
• Ethereum (ETH): Fell more sharply, trading at 3,671.21 USDT, down -4.39%.
• SOL (Solana): Decreased to 209.79 USDT, equivalent to a decrease of -2.70%.
• DOGE (Dogecoin): The deepest drop in the altcoin group, down -5.63%, trading at 0.36257 USDT.
• USDC: The only bright spot, remaining stable at 1.0006 USDT.
2. Advice for investors:
1. Stay calm in the face of volatility:
• The crypto market always has strong correction phases. This is an opportunity to reassess your investment strategy and avoid acting on emotions.
2. Focus on risk management:
• Reduce leverage: If you are trading Futures, lower your leverage to avoid unwanted liquidation.
• Set Stop Loss: Clearly define your stop-loss and take-profit levels to protect your capital.
3. Monitor important support levels:
• Bitcoin: The next support level is at 100,000 USDT, which is a psychological threshold that needs to be maintained.
• Ethereum: Strong support at 3,600 USDT.
4. Do not FOMO (Fear of Missing Out):
• During market corrections, many small tokens may drop sharply or spike. Avoid hasty investments in highly volatile tokens like DOGE or PEPE.
3. The importance of discipline in trading:
• Crypto trading is a long-term journey, not a short-term gamble. Discipline and a clear strategy will help you overcome any difficult market phases.
Conclusion:
The crypto market this afternoon faces many challenges, but this is not the time to panic. Stay calm, manage risks carefully, and wait for new opportunities when the market stabilizes. Continue to follow updates for a suitable trading strategy!
