**A Tough Time for Long Positions: What’s Next?**

Oh no… things have taken a rough turn for anyone in long positions right now. I’ve gone from a $7,000 profit to facing a $5,000 loss in just two days.

While this situation is challenging, it’s important to analyze it carefully. Bitcoin’s pullback from its rally between $60,000 and nearly $110,000 is within a typical range, with the recent dip to $90,000 still being reasonable. However, the real issue is the sharp decline in altcoins despite Bitcoin holding relatively high levels.

If Bitcoin fails to maintain support around $90,000-$93,000 and drops further, it could add more pressure on the altcoin market.

**Key Considerations:**

1. **Altcoin Holders:**

- Avoid panicking or making rash decisions.

- Coins like Ethereum, which have seen steep declines, are likely to rebound near critical levels like $3,600.

2. **Leverage Management:**

- If you’re trading with high leverage, consider reducing it during rebounds to protect against further volatility.

3. **Buying Opportunity:**

- For investors with spare capital, this drop might present an opportunity to accumulate assets.

**Critical Levels to Watch:**

- Bitcoin: $90,000 (absolute support).

- Ethereum: $3,000 (key level).

The market crash, partly influenced by Powell’s policy updates, caught many off guard. However, there’s still room for optimism. With Trump’s inauguration on January 20th, we could see a market rally driven by renewed investor confidence.

This pullback may just be a consolidation phase before another bullish wave. Over the next 30 days, the market has a chance to stabilize and recover. Personally, I plan to take calculated risks ahead of January 20th, anticipating a clearer market direction after this consolidation period.

Patience, discipline, and proper risk management will be essential to navigate this challenging time.