The market conditions in July did exceed many people's expectations. In a more extreme market environment, technical indicators seem to be temporarily ineffective. In the past week, BTC fell directly from about $64,000 to about $54,000, a drop of about 16%, which is not common.
According to the Fear and Greed Index, the current value is 26, showing that market sentiment is in a state of extreme fear. The market fluctuations in the past two days have indeed caused panic among many people.
However, when others begin to panic and choose to give up, it is time for you to consider entering the market. If you still believe that this round of bull market is still there, then the $47,000-54,000 range may be the last entry opportunity for you in this cycle.
In general, from the overall situation, this volatility may continue until the end of the third quarter of this year, and the market may usher in a new direction in September or October. Therefore, patience is the key. Continue to ignore short-term fluctuations and learn to make friends with market cycles.
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Success does not depend on luck, choice is greater than effort
