Recently, the market has been fluctuating, and the continuous pullbacks have left many investors feeling anxious. However, this short-term fluctuation is actually digesting a portion of the risk, and investors do not need to be overly fearful.



It is worth noting that recently the market focus has concentrated on some emerging niche coins, such as MYX, AVNT, and M. Although these coins are performing actively, they are likely just a prelude to the overall market trend.

The key that truly determines the direction of the market still lies in mainstream cryptocurrencies like Bitcoin and Ethereum. These "heavyweights" are the main driving force behind future market trends. When they start to gain momentum, it is likely to bring about a trend-changing shift.

Therefore, a wise investment strategy is to remain patient and avoid blindly chasing price increases. It is only when mainstream cryptocurrencies show clear signs of upward movement that it is a true investment opportunity.

For investors looking to position themselves in advance, it is crucial to pay attention to the overall market direction and the trends of mainstream cryptocurrencies. This could be key to seizing the next investment opportunity.

Additionally, it is worth mentioning that the direction of the Federal Reserve's monetary policy may have a significant impact on the short-term market. Investors need to be particularly cautious when opening positions and closely monitor the impact of related news on the market.

In this cryptocurrency market filled with opportunities and challenges, staying calm and rational, and managing risks well, will be the key to successful investing.
MYX-25.04%
AVNT-7.73%
BTC-0.47%
ETH-0.98%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
DegenDreamervip
· 32m ago
Looks like we still have to watch the old coins party~
View OriginalReply0
BearMarketSurvivorvip
· 09-17 22:08
The bulls have long retreated, and now the battlefield is left with us old soldiers guarding it. Keep your positions and don't chase the shorts!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)