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The current Crypto Assets market is showing a rather mundane state, which can be said to have entered a period of fluctuation. This kind of market condition is like a cup of tasteless boiled water; even if you follow it all day, it is hard to find anything particularly noteworthy. This fluctuation trend is likely to continue for some time.
Looking back at the situation in early June, the price of Bitcoin was still around 110,000. It started to decline in the middle of the month, first dropping to 103,000 before rising back to 110,000. It then fell again to around 98,000, and then rebounded to 107,000. This phenomenon indicates that there are still a large number of institutions and funds supporting the market near 100,000, making it difficult for the bears to push the price lower, so they choose to deplete market confidence through fluctuations.
Currently, we have just entered the volatile market for about a month. This time is far from enough to accumulate upward momentum; at least 2-3 months are needed to gather sufficient strength to start the next round of market. Therefore, the observation from the past month may not be very meaningful, as the Bitcoin price has only fluctuated between 100,000 and 110,000.
In this case, investors need to remain calm and manage their investment behavior well. Overly following the market may lead to unnecessary speculation and impulsive actions. When you have the thought of 'selling now and buying back at a lower price later', you may actually be close to the bottom, and at this point, the necessity of selling is not great.
The safest strategy is to wait for the market to warm up before entering during an upward trend. During this period, do not overly rely on technical analysis. In the face of a major trend, the role of technical analysis is very limited and should only serve as a reference, not the main basis for investment decisions.
Stay patient and view market fluctuations rationally, which is crucial for achieving success in the current Crypto Assets market. Remember, what truly matters is the 10% of trends worth following, not the 90% of the mundane.