$BTC Last night, the price of Bitcoin ($BTC) surged to $67,950 before rapidly dropping by over 3,000 points. This sharp fluctuation led to many contract traders facing a "double liquidation" of both long and short positions. The market this year has been complex, causing many investors to adopt a strategy of caution, choosing to observe more and trade less. It's important to be wary of influencers who claim to be consistently profitable, as many may not actually trade but rather earn income from membership fees by gaining followers. However, influencers like Jin Yu Gei Gei stand out for their honest acknowledgment of mistakes and willingness to analyze themâthis humility is admirable.
Regarding the current market situation, although there may be short-term volatility, the overall trend for BTC remains bullish. The bottom price is gradually rising, now stabilizing around $66,000. In the future, Bitcoin is expected to test highs of $70,000 or even $75,000, though this might take some time. For spot investors, Bitcoin is typically viewed as a long-term holding, while contract traders need to be extra cautious due to market manipulation targeting retail investors' psychology and behavior. Last night's sharp movements, which led to both long and short liquidations, are a prime example.
Market sentiment has reached a level of 65, signaling that retail investors are starting to experience FOMO (Fear of Missing Out). Investors should be cautious during such periods.
Lastly, regarding the WLFi coin, itâs a project linked to the Trump family and related to recent political events. Despite Trump's current lead in the election, there are key points to consider before investing in this coin. WLFi tokens have a low entry price of $0.015, and each holder is granted voting rights, functioning similarly to a DAO model. $USDC
