The crypto market is always rotating, which is a fundamental rule of financial investment. Precious metals have been overhyped, the new energy sector is also weakening, and the mainstream stock market has peaked. Capital has finally concentrated into digital assets. Bitcoin, as the largest crypto asset, naturally becomes the vessel for this wave of funds. Looking at the 98,000 price level, it has already become a clear resistance level, with the market repeatedly testing it. Often, such critical levels will repeatedly bottom out—some people hold firm, some attempt to break through, and more choose to wait and see. Instead of chasing gains and selling at key levels, it’s better to close or reduce positions and wait for the market to continue its development. Let the bullets fly for a while, and wait until the trend is clear before making a move—that’s the prudent strategy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The crypto market is always rotating, which is a fundamental rule of financial investment. Precious metals have been overhyped, the new energy sector is also weakening, and the mainstream stock market has peaked. Capital has finally concentrated into digital assets. Bitcoin, as the largest crypto asset, naturally becomes the vessel for this wave of funds. Looking at the 98,000 price level, it has already become a clear resistance level, with the market repeatedly testing it. Often, such critical levels will repeatedly bottom out—some people hold firm, some attempt to break through, and more choose to wait and see. Instead of chasing gains and selling at key levels, it’s better to close or reduce positions and wait for the market to continue its development. Let the bullets fly for a while, and wait until the trend is clear before making a move—that’s the prudent strategy.