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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Recently, Conflux (CFX) Token has attracted widespread attention in the market. Its price has risen strongly, mainly due to the latest favourable information from Hong Kong. However, investors need to remain calm and rational.
At around $0.22, the daily chart has shown significant resistance. This reminds us that the cryptocurrency market is always cyclical, with rises and falls alternating. Whether it is a rise or a fall, it will not last indefinitely. Blindly following trends often brings risks, while rational analysis is the wise choice.
Hong Kong will soon host a Bitcoin conference at the end of the month, which is undoubtedly an important Favourable Information factor. However, we must also be aware that after the release of favourable news, there is often a phenomenon of 'buy the rumor, sell the news'. Therefore, taking profits when the excitement rises may be a good choice.
For investors looking to enter the market, around $0.15 may be a relatively reasonable entry point. However, it is essential to maintain clear investment thinking no matter what. In this volatile market, capturing tens of percentage points of profit is also a good outcome.
Overall, the trend of CFX reflects the complexity of the cryptocurrency market. Investors need to weigh short-term favourable information against long-term development, make cautious decisions, and control risks.