The currency circle has been experiencing a frustrating market these days.

The market has fluctuated violently over the past two days, which is quite distressing. However, for long-term investors, such adjustments are a good opportunity for layout. Especially when the market sentiment is panic, it is a good time to buy the bottom.

Ethereum has experienced a recent correction, so I took the opportunity to cover my position and increase leverage appropriately, hoping to bring considerable profits in the future. At present, the profit-taking point I have set is above 8,000. I believe that this wave of operations can bring me good returns.

Although the market is currently showing signs of stopping its decline, the pressure above the 68,000 level is obvious, and the room for upside in the short term is limited. During this decline, bad news frequently emerged, and some large funds began to flow out, which put a certain amount of pressure on the market. However, I think this is just part of the market adjustment and there is no need to panic.

In addition, the recent changes in the Silk Road Bitcoin address confiscated by the U.S. government have aroused widespread concern in the market. If these Bitcoins flow into the market in large quantities, it may have a certain impact on the market. But I think the government is unlikely to sell them all at once, so the impact on the market will be limited.

During the market correction, I have been reminding everyone to maintain confidence and insist on buying the bottom. Although the market may still continue to fall in the short term, as long as we operate in an orderly manner in accordance with the established strategy, we can avoid risks and obtain returns.

Regarding the correction of Bitcoin, the worst case scenario may be that it continues to fall in the short term, but in the long term, the bull market pattern has not changed. Therefore, we do not need to worry too much about short-term fluctuations, but should focus on long-term development trends.

In cryptocurrency investing, buying and selling are two key actions. We need to buy at a relatively low point and sell at a relatively high point. Intermediate market fluctuations are just market noise and should not be overly concerned.

Recently, the synthetic asset stablecoin Ethena has attracted much attention. This project ensures the price stability of its stablecoin USDE through a unique mechanism and provides an APY of up to 35.4%. However, we also need to be alert to its potential risks, especially when encountering black swan events.

Finally, I would like to remind everyone to pay attention to fraud. There are many scammers in the currency circle, and they may approach you in various ways to defraud you of your money.Therefore, we must remain vigilant and not trust strangers easily. In the Demon King Circle, we strictly prohibit adding people privately to avoid unnecessary risks. I hope everyone can understand and abide by this rule.

Okay, the above is for your reference. #BTC #大盘走势 #新币挖矿你参加了吗？

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