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The cryptocurrency market is often misunderstood as a quick way to get rich, but in reality, it is more like a long-term investment marathon that requires patience, continuous learning, and perseverance. The significant fluctuations in the market not only test the faith of investors but also serve as a process to filter out those participants who truly have vision and strength.
During market downturns, we should not be swayed by panic. On the contrary, this could be a rare opportunity to enter the market. Similarly, when the market rises, it is equally important to maintain rationality and restraint. Taking profits at the right time is a key strategy for ensuring gains.
The recent market trend has shown a complex situation. After experiencing a wave of increases, the market began to pull back when encountering resistance levels. The appearance of a three consecutive bearish candlestick pattern, accompanied by an increase in trading volume, indicates that bears are gradually taking control of the market rhythm. Although prices are still operating above the middle band of the Bollinger Bands, a sudden long bearish candlestick has broken the market's balance, erasing all previous gains.
Currently, the market does not seem to show clear signals for a stop in the decline. The key support level is around 116000 points, and whether this level is broken or not will determine the short-term trend. If the price can stabilize at this position, there may be an opportunity for a rebound; conversely, if it breaks below this level, it may trigger further declines.
In this complex market environment, investors need to stay vigilant, closely monitor market trends, and adjust strategies based on real-time conditions. Whether choosing to go long or short, it should be based on comprehensive analysis and risk assessment.
Remember, successful Crypto Assets investment requires not only technical analysis but also a deep understanding of the entire industry. Continuous learning, patience, and risk control are key factors for achieving long-term success in this market full of opportunities and challenges.