#Bitcoin and #altcoinlerde reasons for the decrease:
- Bank of Japan increases interest rates
- Accumulated long position cleaning
- Tomorrow's pre-FED sales
- Market makers' strategy to lower the market and make costs from below
There is no paradigm shift in the market.
In other words, there is no major phenomenon that will cause a collapse.#Cryptocurrencyrise will continue in 2024...
So what should we do:
- Don't panic
- Hold your spot assets
- Add cash if you have it
- Do not use high leverage
- Do not open a short position
