Crypto market update ✍️

in powerclub •  2 days ago 

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Here's the another fantastic weekend to enjoy with your loved ones. Today i am going to discuss about current crypto market. Guys, Bitcoin has been on a strong upward trend, altcoins are still struggling. I believe for altcoins to have their time, Ethereum needs to break through the $3,500 resistance level. If it does, there could be a 25% pump, taking Ethereum to around $4,000, which might trigger an altcoin season. In terms of trading, I follow a "liquidation strategy" where I liquidate positions and reopen them at better prices. It’s a strategy that can work well, but I also warn against overconfidence, especially for smaller investors.

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If you focus on Bitcoin and use altcoins to accumulate more Bitcoin, that’s the way to go for long-term success. When it comes to altcoins, I’m currently watching Solana, SUI, and other US-based tokens, which could benefit from the U.S. government’s focus on crypto regulation. I also trade meme tokens for short-term gains from time to time, but I don’t focus too much on them. The biggest piece of advice I can give is to manage emotions like greed and fear. They are often the reasons people lose in the market. Focus on strategy, have patience, and think long-term to see the best results. That's it for today. Thanks & have a good day!!

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