The crypto market is bearish, and we are seeing many coins falling, making investors worried again. According to the 200 EMA, Bitcoin is bearish and could test the $77K support level, which means it could drop another 4-5%.
In this situation, many altcoins will also crash. Altcoins will struggle and investors may get panic and start panic selling. In such a situation #hodl is the only way to not book your losses.
However, there is no need to worry because when the market falls, new investors get a chance to enter, and traders get an opportunity to profit and those who are already invested can take the best advantage of coin rotation.
I will surely share a brief post about coin rotation that how can you book small profits while being invested. I will make a brief post about this strategy and will let you guys know about coin rotation ways. This will surely be helpful for all the investors who are stuck in their coins.
One important thing we all need to understand is that for a bullish trend to continue, a healthy correction is very necessary. If there is no correction, the market could crash or the trend could reverse.
Therefore, we should not be afraid of these market crashes. Instead, keep rotating your coins. This is a very simple strategy where you keep rotating your invested coins.
Keep the $77K region for Bitcoin in mind, and keep buying and selling your coins. In short time frames, when coins reach resistance levels, sell them and buy at support levels.
For new investors, this is a great opportunity to invest in your favorite coins. Don't invest all your money at once; instead, make decisions according to the 4H time frame chart for BTC. Invest in altcoins considering the support levels on the 4H time frame.
Similarly, when Bitcoin goes up, sell at resistance levels. For Hive users, the good news is that Hive's price has dropped, and there is another opportunity to invest.
Whenever Hive is available at a discounted price, invest in it, and keep investing until the Korean pumps happen. Sell on every Korean pump and buy again at a lower price. Keep doing this practice, and you will make good profits.
Therefore, Bitcoin is bearish and may test the $77K level. So, keep buying until it reaches this level. My post is not financial advice but rather shared based on information and knowledge.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
