📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Recently, the Crypto Assets market has experienced a pullback, with the prices of Bitcoin and Ethereum showing the expected fall. Bitcoin is approaching a support level of $114,000, while Ethereum has also retreated to around $3,200. This pullback provides investors with an opportunity to re-enter the market, especially for those who were unable to participate earlier.
However, investors need to be cautious of potential additional volatility over the weekend. If institutional investors are closed over the weekend, the panic among retail investors may cause the Bitcoin price to briefly fall below the support level of $110,000. In this case, it may actually become an excellent buying opportunity.
It is worth noting that despite the market experiencing a pullback, the daily inflow of Bitcoin ETFs remains at around $100 million, indicating that overall market sentiment has not completely turned pessimistic. This may suggest that once the price falls back to near the moving average, the market could welcome a new round of increases.
At the same time, some eye-catching news has emerged in the market. According to reports, a company related to a well-known family has announced holding Bitcoin worth $2 billion, with an average purchase price of approximately $100,000. This news may affect investor confidence and market direction.
From a macro perspective, the upcoming interest rate cut cycle, favorable policy environment, and the decline in U.S. dollar interest rates may lay the foundation for an upward trend in the cryptocurrency market from the second half of 2024 to the first half of 2025. These factors could lead to a flow of funds from traditional safe assets like U.S. Treasury bonds to risk assets, including crypto assets.
For short-term investment strategies, it is recommended to take profits promptly when small coins experience significant increases. At the same time, short-term pullbacks in the market should be seen as opportunities to increase positions, rather than signals to exit the market. Investors should remain calm, focus on long-term trends, and look for investment opportunities amid market fluctuations.