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The price of Bitcoin is gradually retreating to a key support area, with investors closely monitoring the performance in the range of 3520 to 3480 USD, which may provide a good opportunity to establish long positions. From the current trend, once the adjustment is complete, Bitcoin is expected to return above the 4000 USD level. In the short term, 3660 USD will become the primary breakout target, and if it can firmly hold above this level, the next challenge point will be the 3750 USD mark.
Market sentiment is influenced by multiple factors, including political and economic events and changes in the regulatory environment. However, for experienced traders, having a clear strategy and maintaining composure is crucial, and one should not be disturbed by short-term fluctuations.
Mainstream cryptocurrencies such as Ethereum (ETH) and Binance Coin (BNB) also fluctuate with the trend of Bitcoin. Investors should closely monitor the relative strength of these leading coins to grasp the overall market direction.
It is worth noting that the cryptocurrency market is showing signs of a rebound, which may indicate the beginning of a new upward cycle. However, external factors such as trade policy adjustments and changes in regulatory attitudes may still have a significant impact on the market. Investors need to consider these macro factors comprehensively when making decisions.
Overall, the current market is filled with opportunities but also faces challenges. Maintaining rationality, strictly controlling risks, and constantly paying attention to market dynamics will be the key to success in this highly volatile market.