The reason for this drop is mainly due to Powell's hawkish remarks!!!
So can we bottom fish at this position now?
I think there's no rush to bottom fish; we can use a strategy of buying heavily during large drops, buying slightly during small drops, and not buying when there's no drop to gradually pick up low-priced chips.
Currently, the market situation is that Bitcoin and Ethereum have strong support from spot ETFs and traditional large capital, so there are many buyers below, and they won't drop much.
However, most altcoins lack support from large capital, so once they drop, there are no support levels, and it mainly depends on market sentiment.
Recently, new coins listed have also lost their profit-making effect; basically, the price has been dropping continuously after going live, and the speed of halving is getting faster.
In times of insufficient market liquidity and low sentiment, it is advisable not to touch new coin projects.
We can primarily ambush those projects with long-term narratives.
From the current trend, if Bitcoin continues to pull back, altcoins may drop even more severely.
So, at this time, it is essential to control your positions well and keep some funds to cope with the Christmas pullback.
Pullbacks are for better rises; just hold steady.
OP can buy spot at these two positions.
Recently focused altcoins: OP, SUI, UNI.
In the upcoming layout, KING will still lead the fan group to lock in low-priced chips for the profit opportunities of altcoins.
Don't be a headless fly, bumping around everywhere. If you want to earn several times your investment in a bull market, comment '111' to get on board!
