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Brandt's insight stems from years of experience in various financial markets, including the cryptocurrency market. He highlighted that the key to long-term success in trading is not merely about generating profits but about preserving those gains. According toAn important point of maturity as a trader for me came when I recognized that frequent drawdowns forced me to make the same $$$s repeatedly.
Brandt elucidates that after a profitable period, the priority should shift from aggressive trading to safeguarding the accumulated capital. This strategy is not about shying away from risk but managing it with increased caution.briefly rose above $70,000 in Wednesday's trading session after the Federal Reserve left interest rates unchanged and signaled that only one cut is expected before the end of the year.
On Wednesday, the Fed maintained rates constant at 5.25%-5.50% and said it would decrease rates only once, later this year, down from three rate reductions projected in March. At the time of writing, Bitcoin was almost erasing its gains and was just up 1.75% in the last 24 hours to $67,928.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.