微风轻扬
11-22

Over the past two weeks, Bitcoin’s price has surged by 40%, drawing significant attention from investors. However, any rapid market rally comes with its own risks, and Bitcoin is no exception. After such a sharp increase in a short period, the market is bound to face correction pressure. Price pullbacks are not only a natural release of market sentiment but also a way to adjust for excessive gains.

Therefore, it’s advisable to remain calm and avoid chasing the highs at this stage. Entering at these elevated levels could expose investors to significant correction risks, especially if market sentiment shifts or profit-taking intensifies. Instead of blindly following the trend, it’s better to patiently wait for a more reasonable entry point, reducing investment risks and aiming for more stable returns.

You can buy $MSTZ to short bitcoin or MSTU to long bitcoin

BTC Retraces to $96000: Buy the Dip or Exit Now?
Bitcoin dropped to a low of $96,789, over $10,000 below Tuesday's all-time high, marking a 4% decline. Since the US election on November 5, Bitcoin's price has risen by more than 45%. Zann Kwan, CIO of Revo Digital Family Office, predicts that Bitcoin may retreat to just above the $90,000 level in the short term. ------------ What's your target price for Bitcoin in 2024? Is it good time to buy the dip or exit from Bitcoin?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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