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Currently, the Bitcoin market is in a phase of adjustment and recovery. As the weekend approaches, it is expected that the price fluctuations will narrow. Investors may consider adopting cautious trading strategies during this relatively calm period.
For Bitcoin, it is recommended to operate within the price range of 114,500 to 117,000. This range provides certain opportunities for short-term trading, allowing investors to sell at highs and buy at lows for small profits.
However, market participants should always pay attention to various factors that may affect the digital currency market. This includes the global liquidity situation, the policy stance of central banks in major economies, and the regulatory attitude of various countries towards cryptocurrencies, among others. These factors may have a significant impact on the market in the future.
It is worth noting that the trends of other major cryptocurrencies such as Ripple (XRP) and Binance Coin (BNB) are also worth paying attention to, as they often have a certain correlation with Bit.
Overall, in the current market environment, investors should remain vigilant, closely monitor market trends, and make informed investment decisions based on their own risk tolerance. Remember, the cryptocurrency market has always been highly volatile, so managing risk appropriately is crucial.