⁨⁩ ⁨UPDATE ON $CORE:

$CORE is still chopping within/around the channel. It attempted another breakout but failed.

This failed breakout can be attributed to several factors. Primarily, the Bank of Japan's (BOJ) rate hikes exerted a bearish influence on the market, although this impact was realized later.

Secondly, Trump's actions yesterday contributed to the failed breakout. He initially appeared to be about to sign an Executive Order for the Strategic Bitcoin Reserve (SBR), which created a false sense of optimism. However, the order turned out to be insignificant.

I have filled some spot limits around $0.80 and am prepared to add more if the price drops further. I strongly advise everyone to add to their positions when the market goes down, not when it goes up.

I've received several Direct Messages and replies from individuals who lost money by longing the top or buying at the peak. This serves as a valuable lesson: buying on breakouts or when the market is rising is generally a poor strategy. Instead, focus on buying at the lows and consistently re-entering positions whenever the price retests those lows.

For now, we can only wait for $BTC to continue its sideways movement this weekend. This period of consolidation will provide opportunities for profitable altcoin trading (and, of course, rotate profits into $CORE spot).

Good luck, and stop losing money.⁩
#CORE #CORE