What happened to the cryptocurrency market? Let me share my opinion.

This round of plunge is actually more of a catch-up drop for big currencies that didn't fall much before, such as Bitcoin and Ethereum, because Wednesday is CPI + the Fed's interest rate meeting, which I analyzed last night. Now, many strong small currencies have not fallen much, because they are close to support.

For example, Pepe has fallen by nearly 40%, so it is worth buying, and I have also drawn the ABC correction wave of Ondo at 1.45. It is currently in line with expectations, but the psychological pressure is coming again, because buying at the bottom means buying with a hard head. Last time 1u fell to 0.6, we also went through it. It was very uncomfortable and was shaken for a few weeks, but it has doubled since the meeting.

Now we just have to wait patiently for the next wave of market. It is normal not to buy at the bottom. I also have a slight floating loss, but it will rise again later. People updated the new point of .115 yesterday to enter the market, but the trend is too strong. It has not arrived yet, but I am still willing to wait. Previously, we bought at 0.1, but you have to be careful. Don't buy small coins at a high multiple. Spot or 2 times is enough. It won't explode. Do a good job of risk control.