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

This round of plunge is actually more of a catch-up drop for Bitcoin, Ethereum and other large currencies that did not fall much before, because Wednesday is CPI + Fed 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% and can be bought, and I have also drawn the ABC callback wave of Ondo at 1.45. It is currently in line with expectations, but the psychological pressure is coming again, because buying the bottom is to bite the bullet and buy. Last time 1u fell to 0.6, we also went through it. It was very uncomfortable and was shaken for several weeks, but it doubled since the meeting.

Now we just have to wait patiently for the next wave of market. It is normal to not buy the bottom at the tip of the needle. 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 was too strong and it has not arrived yet, but I am still willing to wait. Before, we got on the train at 0.1.

But you have to be careful, when bottom fishing, you must not bottom fish small coins at a high multiple. Spot or 2 times is enough to avoid liquidation and do a good job of risk control.