The Bitcoin market has once again shown a downward trend, breaking through key support levels, indicating that the current market has entered a significant adjustment phase. Analysts predict that this round of adjustment may push the Bitcoin price to around 112,000.



In the face of this trend, traders need to adopt different strategies. Short-term operators may consider continuing to hold short positions, while medium-term investors can lower the long position entry range to between 113,000 and 112,000.

However, the cryptocurrency market is constantly changing, and investors must act with caution. It is recommended to strictly control position sizes and to set take-profit and stop-loss orders in a timely manner to cope with potential severe fluctuations.

It is worth noting that although the market may face pressure in the short term, the long-term development prospects of Bitcoin are still worth paying attention to. Investors should closely monitor market dynamics and make informed investment decisions based on their own risk tolerance.
BTC-1.2%
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GasFeeVictimvip
· 08-20 16:12
Just wait a bit, no rush to increase the position.
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GraphGuruvip
· 08-20 13:03
What are you panicking about? It's not time to increase the position yet.
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SandwichTradervip
· 08-18 03:42
The time to Cut Loss has come.
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NFTArtisanHQvip
· 08-18 03:41
contemplating the market's descent as a post-digital allegory... quite fitting tbh
Reply0
quiet_lurkervip
· 08-18 03:25
Ah, just follow along and it will be done.
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AllInAlicevip
· 08-18 03:24
Damn, I'm going to be buried this time.
View OriginalReply0
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