I went to bed on schedule at midnight, but my mind was racing with concerns about the cryptocurrency market. Despite my efforts to sleep, I found myself tossing and turning, and I woke up every hour to check the prices on Binance. Each time, I was met with a sense of dread.
The anticipated market downturn had finally arrived, but I still hesitated to buy, fixated on the support levels at 45,000 and 38,000. Fortunately, the altcoins seemed more resilient to the decline, suggesting that the weakest hands had already sold their holdings. Only stubborn bulls like myself remained, refusing to cut our losses even as the market continued to plummet.
The trading volume remained low, indicating a lack of demand and no significant buyers to absorb the supply. The sentiment was overwhelmingly pessimistic, driven by fears of the US stock market's influence. The recent interest rate cut had spooked investors, and the news only served as a catalyst for the downturn. We were trapped, unable to do anything but wait for the market to render its verdict.
