Waking up today, the Crypto Assets market is filled with negative news. The SEC's classification of certain Crypto Assets as securities and the dumping actions of several funds have raised concerns in the market. However, from a more macro perspective, these Fluctuations may not be as scary as they seem on the surface.



In fact, if your cost basis is close to that of large Wall Street funds, then excessive panic may be unnecessary. Let's take Ethereum (ETH) as an example. Currently, the key support level for ETH is around $4200, while the extreme support may dip down to $4000. From an investment strategy perspective, buying ETH below $4200 could present a good profit opportunity.

It is worth noting that the main funds have been driving the market in the past few months. Considering that the cost basis for Wall Street institutions is around $4000, they are unlikely to easily give up the opportunity to profit. This means that there may still be room for the market to rise.

In the current market environment, it is very important to remain calm and rational. For those investors who feel confused or have suffered losses during the recent fluctuations, it is advisable to reassess your investment strategy and focus on long-term value rather than short-term fluctuations.

Finally, it is important to remember that the Fluctuation in the Crypto Assets market has always been high. Investors should always remain vigilant, manage risks properly, and only invest funds they can afford to lose. At the same time, continuously monitoring market dynamics, changes in the regulatory environment, and the behavior of major institutional investors are key factors in making informed investment decisions.
ETH3.99%
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
  • 8
  • Repost
  • Share
Comment
0/400
FromMinerToFarmervip
· 08-23 12:44
Suckers are afraid of being played for suckers, sooner or later it will be others' turn to be played.
View OriginalReply0
LuckyBearDrawervip
· 08-23 06:06
If this wave can lock in costs, then don't keep messing around.
View OriginalReply0
AirdropChaservip
· 08-20 14:51
It's that time of year again to Be Played for Suckers.
View OriginalReply0
BrokenYieldvip
· 08-20 14:51
ngmi... retail fomo at 4.2k is peak systemic risk tbh
Reply0
BearMarketMonkvip
· 08-20 14:50
The buy the dip party has started to set the tone again.
View OriginalReply0
RektCoastervip
· 08-20 14:50
Stop making such a fuss, just get it done.
View OriginalReply0
GreenCandleCollectorvip
· 08-20 14:48
4000 USD buy the dip let's go
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)