The recent sharp decline in cryptocurrency, don't worry, let's take it slow!
Friends, if you have been feeling anxious due to the recent sharp decline in cryptocurrency, don't panic, take a few deep breaths and relax. What we are facing now is actually a common old trick in the market, professionally known as the 'Wyckoff Accumulation Phase'.
In simple terms, it's when those big players we often refer to as 'whales' are secretly accumulating cheap assets. They take advantage of the panic among new traders who are selling off in fear, quietly buying up these assets. After a while, they sell these assets at a high price, making a huge profit.
How does this process work? Let me break it down for you:
First a drop, then a rise: The market will initially drop sharply, catching everyone off guard. But don't worry, it will quickly rebound a bit.
Then a sharper drop: After that, the market will take another dive, this time many people will be completely panicked, thinking the market is doomed.
Gradually grinding the bottom: Next, the price will drop slowly like a whetstone, bit by bit, until it forms what we commonly refer to as a 'triple bottom'.
During this phase, many traders who once dreamed of making a fortune are now completely lost in confidence. They are afraid of losing more money and rush to sell these assets at a low price.
But in fact, this is precisely when the market is preparing to rebound, and the rebound could be even stronger than before!
So, friends, what we need most right now is patience. Don't let fear control our minds, and don't miss out on a potential big rise due to hasty selling.
We must remain alert and calmly view everything. Trust the process, believe that the market has its ups and downs. As long as we maintain our mindset, we can always seize opportunities at the right time!
For the next strategic direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with great potential, with an expected growth space of over 10 times being quite feasible. If you want to make big money in a bull market, like and comment, and I will take you through the entire bull market layout
