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2024-11-22

Over the past two weeks, Bitcoin’s price has surged by 40%, drawing significant attention from investors. However, any rapid market rally comes with its own risks, and Bitcoin is no exception. After such a sharp increase in a short period, the market is bound to face correction pressure. Price pullbacks are not only a natural release of market sentiment but also a way to adjust for excessive gains.

Therefore, it’s advisable to remain calm and avoid chasing the highs at this stage. Entering at these elevated levels could expose investors to significant correction risks, especially if market sentiment shifts or profit-taking intensifies. Instead of blindly following the trend, it’s better to patiently wait for a more reasonable entry point, reducing investment risks and aiming for more stable returns.

You can buy $MSTZ to short bitcoin or MSTU to long bitcoin

Crypto Task Force: Could Bitcoin Be a Strategic Reserve?
Trump signed an executive order to establish a cryptocurrency task force, responsible for proposing new regulations for digital assets and exploring the possibility of creating a national cryptocurrency reserve, fulfilling his promise to quickly reform U.S. crypto policy. The task force will be led by David Sacks, the AI and cryptocurrency commissioner appointed by Trump. ------------------- With new task force established, Is it possible for Bitcoin to become a strategic reserve?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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