A兲兲开心

What is the current situation in the cryptocurrency market?
After a rebound yesterday, Bitcoin and several altcoins have experienced a small pullback, but everyone shouldn't panic just yet; it hasn't dropped to new lows, and there hasn't even been a second bottom test. I don't think there's much to worry about.
Since it's the weekend now, Wall Street is closed, so there isn't much extra capital flowing in. We'll wait until the market opens on Monday evening, and then we can take a look; there should be a good chance for stabilization and continued rebound.
This second pullback was also within our expectations because, as Shuqin mentioned yesterday, ETH will face some resistance near 3600, prompting everyone to take profits at higher levels. I wonder if anyone managed to escape the short-term peak? More operations can be discussed as well. The current trend is still in line with our expectations~

I really can't understand, with so many quality coins and so many potential stocks, like Floki, Cat Token, that can be bought with closed eyes and still make money, how can there still be people losing money in the crypto world? I really can't understand.

The turning point of the cryptocurrency world has finally come!
The inflation data just released showed that both PCE and core PCE beat expectations, falling an additional 0.1%. This greatly alleviated the current rumors that the Federal Reserve will cut interest rates less next year, and now that Wall Street is back to work, a rebound is expected.
In addition, if you look at the on-chain data, you will find that the Trump family's WLFI has increased its holdings by 759 ETH. Oh, Trump is buying at the bottom?

[Analysis] What will happen to the "slow rise and sharp fall" in the cryptocurrency circle?
It usually occurs in the rebound or trend reversal rising stage, which is a typical bull market wash-out technique.
A coin has finally risen for a few days, and suddenly fell sharply in one day. The rise of a few days is not enough to fall in one day. In this way, most novices and those with poor tolerance will obediently hand over their chips;
After the decline stops and stabilizes, it will start to rise slowly. Generally, the stock price will hit a new high. When it reaches a certain height and there are many follow-up orders, the main funds will repeat the old trick again and kill the car on the way up. Generally, this kind of decline is characterized by fast speed and short time.
Sometimes in just a few days, the market will fall by 5%-10%, and sometimes it will be 15%-20% for a long time; but generally it will be adjusted to the maximum limit with important support lines.

Finally: Do you have anything to say to Powell?

If it falls again, I will call the police!

Damn, this is confusing me, what should I do now?
I am very worried about one thing. Although the Bitcoin callback is normal, it has risen from 60,000 to nearly 110,000, and the callback to 90,000 is acceptable.
But what I am worried about is that Bitcoin is still at a high level, while the altcoins have already jumped. Assuming that Bitcoin does not hold up here and continues to callback to 90,000 and 93,000, what will happen to the altcoins?

But don't chase the poor enemy. Coins like ETH have fallen so much, there should be a rebound, such as around 3,600. So if your leverage is too high, you can reduce the leverage when it rebounds to prevent it from happening. And those who have extra money can buy some. I think it will rebound after such a big drop, and then choose the direction again.

In the worst case, the absolute support of BTC is 90,000, and the support of ETH is at the 3,000 mark. Everyone should pay attention to their leverage. Although Powell's market crash this time was beyond everyone's expectations, I think there should be a wave of market after Trump's inauguration on January 20, so I regard this pullback as a necessary consolidation before another rise. I will take a gamble on January 20. There are still 30 days left, so there is plenty of time for the market to consolidate and recover.

Great wealth comes to those who are always prepared for opportunities.