The cryptocurrency market is witnessing continuous fluctuations; consolidation is a process that excludes patient investors. Adhering to risk management principles, avoiding chasing highs and lows, and waiting for a clear trend before making a decisive move is much more reliable than random gambling in a state of chaos.
This week's Federal Open Market Committee (FOMC) meeting will represent a turning point in the market. With the uncertainty surrounding new U.S. government regulatory policies, institutional investment has slowed down. Practically, it is advised to reduce the trading frequency and closely monitor key price levels: for Bitcoin (BTC), a small trading position can be opened if its price exceeds $92,000, and a stop-loss order should be placed immediately if the price drops below $87,500; as for Ethereum (ETH), attention should be paid to the effectiveness of the support level at $3,000, and consider adding trading positions above $3,150.$BTC
BTC
92,280.31
+2.29%
ETH
3,314.31
+6.69%