#BTC is still strong, this is only the third time it has pulled back to the daily MA30, but the altcoin market is indeed tough to navigate. A few days ago, I mentioned that the altcoin market was just experiencing fluctuations, but now it’s clear that it is indeed fluctuating and declining! Haha

Take the example of SAND, it has already pulled back 20% from its peak, but to be fair, it’s really just a 20% pullback; it's just that the path is downward, with jagged movements that are quite painful to deal with.

My personal strategy remains in execution. A while ago was the time to sell altcoins, and now I believe it’s the time to buy altcoins, especially since most altcoins have already pulled back over 20% (using SAND as a reference) from their peaks. There are some techniques to executing this strategy.

For example, the MKR spot I bottomed out on a few days ago has now dropped below my cost price if it is a second bottom. At this point, I need to consider whether to take the loss and cut my position (not optimistic about future trends) or hold on (optimistic about future trends). The optimism or pessimism is regarding the individual coin, not the overall market. I still maintain a positive outlook on the overall market.

So, get down!