This time, the altcoins have generally experienced deep spikes, the pullbacks have been quite appropriate, and the deleveraging has been thorough, so the rebound is expected to be significant.

If Bitcoin stays flat for a period of time, it is possible that some altcoins will continue to rise, and when Bitcoin undergoes a significant pullback, the pullback targets for the altcoins may not be much lower than the spike positions from early this morning.

However, regardless of the situation, it is still very necessary to control risks. Once the altcoins rebound, it is also important to reduce leverage.