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The severe fluctuations in the crypto assets market have always been a challenge that investors must face. Especially during a bull run, the magnitude of the fluctuations is often greater, which may lead to more investors losing their principal. Therefore, closely following the subtle changes in mainstream tokens such as Bitcoin and Ether, accurately grasping market trends, and adjusting investment strategies at an appropriate pace are crucial for achieving success in the current market conditions.
From the 4-hour timeframe, the downward trend of Bitcoin seems to be far from over, with key support around $116,500. However, rebound signs can be observed on the hourly chart. If the price can recover and stabilize above $118,500, then this round of adjustment may come to an end, and there is hope for further upward movement in the market.
Ethereum reached the previously mentioned support level near $3,580 today, showing a rebound trend and indicating possible signs of a reversal. Considering the overall trend remains positive, it may be a good opportunity to add positions.
For some emerging tokens, such as NEIRO, an initial position was established around 0.00052 today, with additional buying around 0.00049. The price dipped to about 0.00049, confirming the previous support level. During the rebound, this support level may turn into a resistance level, and around 0.00056 could be the first position to take profits.
Despite the severe market fluctuations, the overall trend remains positive. Investors should stick to their investment strategies and not be easily swayed by market fluctuations to exit prematurely. At the same time, it is equally important to manage positions wisely, as this is key to maintaining the initiative in the game against the market.
In this cryptocurrency market full of opportunities and challenges, staying calm, analyzing rationally, and responding flexibly will be key factors for success. Whether it's Bitcoin, Ethereum, or emerging altcoins, investors need to remain vigilant, grasp the pulse of the market, and make informed investment decisions.