Greetings to all readers of this great platform, especially to those who make life within the great community of #ProjectHOPE, in the current opportunity I want to share with you information related to the cryptomarket, specifically the behavior that is currently having the BTC, which can be said to be in a zone of high risk, which is not a good time for trading, since any market movement can leave you out.
Screenshot taken at: Coingecko
The cryptomarket with all the problems that have been faced, starting with the year in which we are, a year in which the market correction was due, after 2 years of the last reduction in the issuance of BTC through mining, which is why in the Bitcoin cycle, it is a year in which the market correction was due, to which was added the pandemic, the war, and economic problems in the US and Europe that has also generated pressure on the market.
Currently and for several days, the crypto market guided by the BTC, is in a static zone, the market does not increase or decrease, which can be a high-risk area, as its price remains between 19k and 20k without giving any indication of being able to increase its value, otherwise everything indicates that the market can go down again, this being a high-risk situation for people who want to trade at this time by the market situation.
There are many coins that the market apparently are marking some entry into purchase, which can be considered as placing a knife in the neck, in the event that the BTC being the token that manages the direction of the market, comes to lose the current price line at 19k, will fall to the next support near the 16k or less, which can generate a fall of the entire market and thus your purchases for trading would be stagnant.
When this situation is generated, the time to wait with your funds frozen in that investment may be uncertain, since it is uncertain how long this may take to recover, or you would have to accept your losses and sell even if it is below the price of buying, to have your resources in stable currencies thinking of a future investment, which can help multiply your resources, so you should be careful if you plan to invest at this time.