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The market has encountered an unexpected fluctuation, with cryptocurrency prices experiencing a significant fall on Black Friday morning. Bitcoin is testing the support level near last week's low of around 115,000, which has drawn high attention from investors. Despite previous optimism about the market, chasing the price does not seem wise at the moment.
Some buying operations have already been carried out near 11.53/3577, and the market will closely monitor the rebound strength during the European trading session. This round of fall may provide some investors with a good entry opportunity, but it also reminds us to remain vigilant about the market's uncertainty.
For investors holding long positions, this is undoubtedly a challenging time. However, experienced traders often find opportunities in such volatility. It is important to remain calm, avoid emotional decisions, and closely monitor market trends.
As the market continues to develop, we may see more price fluctuations. Investors should be well-prepared for risk management and make informed decisions based on their investment strategies and risk tolerance. In this rapidly changing market environment, staying vigilant and flexible is crucial.