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📖 Day 1 · Quiz (Single Choic
The current situation in the Crypto Assets market is not optimistic, and the long positions seem to be somewhat weak. Given the upcoming Fed FOMC meeting, the market is likely to continue to fluctuate within a certain range this week, and it may even hit a new low for the month. Therefore, investors should not have overly high expectations before the FOMC meeting on the 17th.
In this market environment, a wise approach is to set reasonable trailing stop losses or breakeven stop losses. If there is an upward trend, one can moderately participate to gain some profits. On the other hand, if the market declines but remains above $105,000 to $103,000, investors may consider buying on dips.
However, based on the current market situation, I personally tend to believe that the lowest point of this month may have already occurred. Of course, this judgment requires more data support, and I suggest closely monitoring the market performance over the next two days.
Overall, ahead of the FOMC meeting, investors should maintain a cautious attitude, closely monitor market trends, and flexibly adjust their investment strategies. At the same time, they should be prepared for potential volatility in order to seize potential investment opportunities in a timely manner.