Did you all see the central bank's meeting notice last night? Is it true that some people were so scared they liquidated their positions overnight, while others are still pondering, 'Has all the bad news been released, and is it time to buy the dip'? Don't rush to act just yet! As someone who has been in the crypto space for 8 years and has survived 3 major crashes, let me make this clear: this time, the regulatory crackdown is serious, not just a minor hassle. It's a cold splash of water for everyone dreaming of a 'policy relaxation.' In the next 3 months, stepping into the wrong pit could mean you wasted the entire year!
Next up is the crucial information: 3 pits to avoid at all costs, remember them! The first pit: the scam of 'compliant trading platforms within the country.' Recently, I saw someone in the community posting ads claiming, 'We have obtained local financial office filing, and can legally trade Bitcoin,' along with a website that looked somewhat legitimate. Brothers, even a child could figure out that the central bank has already made it clear that there are no legal virtual currency trading platforms within the country. Those so-called 'filings' are either forged or created to confuse the public using ordinary company qualifications. Once you deposit your money, you might be scammed by the platform or, worse, get involved in illegal financial activities and lose your principal altogether.
The second pitfall: Air coins speculated on the 'relaxation of regulations'. There will definitely be bad project parties interpreting this meeting as the 'last wave of speculative window', crazily pumping junk coins and telling you 'if you don't buy now, there will be no chance'. I checked the on-chain data, and after the meeting ended yesterday, more than a dozen unknown small coins have already started to pump, all behind which are the project parties' self-trading. Remember my words: the stricter the regulations, the more funds will flow to top assets; those air coins without technology or application will only completely return to zero after the carnival.
The third pitfall: The misconception of 'stablecoins as a safe haven'. Many people think that stablecoins like USDT are a safe harbor. However, this meeting clearly stated that stablecoins carry risks of money laundering and cross-border capital transfer, and they will be closely regulated in the future. Although stablecoins won't face major issues in the short term, in the long term, holding a large amount of stablecoins while waiting to buy the dip may face the risk of funds being frozen. My suggestion is that if you do not want to exit the market temporarily, try to convert your funds into mainstream assets and diversify them into different wallets.
Let's talk about the future market trends. This is my personal opinion for reference only, but you can check the accuracy of my past predictions: In the short term, the market will continue to fluctuate downwards due to regulatory headwinds. Bitcoin will likely test the support level of $100,000, and if it breaks, it may further plunge to $85,000. However, this is not the beginning of a bear market, but rather a healthy correction. From a medium to long-term perspective, the global trend of liquidity easing has not changed, the Federal Reserve is still cutting interest rates, and funds will ultimately flow to high-yield assets. However, this correction will eliminate a large number of indecisive investors and junk projects, and for true value investors, it is a rare opportunity to enter.
Last reminder: The core of making money in the cryptocurrency market is to respect the market and the regulations. Those who tell you that 'ignoring regulations can make you rich' are either fools or scammers. Follow me, tomorrow I will analyze in detail the impact of the Federal Reserve's interest rate cut divergence on the cryptocurrency market and teach you how to make money through grid trading in a volatile market.
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