Interpretation of cryptocurrency market on SEP 29 2022
After fluctuating again, the market went up yesterday, and the Nasdaq rose by 2%. It is now profitable again since long position take-profit protection triggered. The prediction comes from a summary of the experience and requires rigorous risk-control strategies, both of which are indispensable.
Now that it has rebounded, keeping the view that it will continue to rebound, expecting a 20% increase in BTC, which may rise even higher. But after all, it is a rebound against the trend. Risk control should be the top priority, as high expectations amplify the risk.
The recent repeated rapid declines have been accompanied by a rapid rise in the US dollar. The US dollar possibly will retake the peak position, providing a suitable environment for this rally.
Now that it has rebounded, keeping the view that it will continue to rebound, expecting a 20% increase in BTC, which may rise even higher. But after all, it is a rebound against the trend. Risk control should be the top priority, as high expectations amplify the risk.
The recent repeated rapid declines have been accompanied by a rapid rise in the US dollar. The US dollar possibly will retake the peak position, providing a suitable environment for this rally.