Four questions about the current cryptocurrency market!

1. How low can Bitcoin fall?

Powell's speech: We will not own Bitcoin, and we do not want to change the law. Following the big plunge in the Bitcoin market, it then entered a deep correction. It has now fallen to the lowest point in recent days, around $95,000. According to the current trend, Bitcoin will continue to go down, and it is possible to further drop to $880 million.

2. Can the altcoins be bought at the bottom now?

The first phase of the bull market has ended. The next market trend and a large amount of funds will flow into the altcoin market. Waiting for a wave of market stabilization before it is a suitable opportunity to buy at the bottom. Most altcoins now lack the support of large capital. Once they fall, there is no support level, and it also depends on market sentiment. From the current situation, if Bitcoin continues to pull back, altcoins may fall even more. Therefore, at this time, you must control your positions and keep some funds to deal with the days without liquidity.

3. Can new coins be bought?

Recently, the new coins on Binance have no money-making effect. Basically, the prices have fallen all the way after they are launched, and the speed of halving is getting faster and faster. For example, the recent ME, there must be many friends who are trapped in it. There are fewer analysis aspects of new coins, and there is still no reference, and there is a lot of gambling. When the market liquidity is insufficient and the mood is low, it is recommended not to touch Binance's new coin projects. We can mainly ambush those projects with long-term narratives.

4. What potential coins are worth investing in now?

In fact, the market is not short of opportunities, and there will continue to be potential explosive coins. However, it is not suitable for recommendation at present, and it is not recommended that everyone go against the market. What you have to do now is to wait quietly for the opportunity, keep a good reserve of funds, and when the market stabilizes and rebounds, buy the bottom and do a big job!