The cryptocurrency market has experienced a sharp drop recently, mainly because mainstream currencies such as Bitcoin and Ethereum have accumulated large gains in the previous rise, and when the market adjusts, these major currencies begin to make up for the losses. The CPI data and the Federal Reserve interest rate meeting to be released on Wednesday are the focus of market attention, which may further affect the trend of the cryptocurrency market.
However, it is worth noting that many small currencies have been relatively stable in this adjustment, and their declines are not large because their prices are already close to the support level. For example, Pepe has fallen by nearly 40%, which may be a good entry opportunity for investors. In addition, for Ondo, I have drawn the ABC retracement wave at 1.45, and the current market trend is basically in line with expectations.
Although bottom fishing is a challenging behavior, as long as we do a good job of risk control and fund management, we can get rewards in the long run. I suggest that investors choose spot or 2x leverage when bottom fishing to avoid the risk of liquidation caused by high leverage.
Although the new point of People.115 has not yet been reached, it is a potential entry point worthy of our attention. In our previous investments, such as the 0.1 entry, we have also experienced market fluctuations and shocks, but as long as we remain patient and confident, we will eventually get good returns.
In general, fluctuations in the cryptocurrency world are normal, and investors need to remain calm and rational and do a good job of risk control and fund management in order to achieve long-term success.
Pay attention to view the pinned content, bull market strategy layout, share various passwords, and learn more about 100x coins!$BTC $ETH #币安合约锦标赛 #美国5月CPI超预期回落 #ZKsync空投争议
