After the crash, everyone is exhausted and very frustrated.
Before, they were all boasting about how hot the bull market was, but now they turn around and curse that the bull market is over, and some even go to burn incense for comfort because they lost too much.
To be honest, those big shots just used Powell's words to dig a pit for everyone to jump into. It wasn't a big deal, but with their manipulation, the market immediately shifted from optimistic to pessimistic, and the rumors became more and more sinister.
At first, the drop was fierce, then suddenly it reversed, and they seized the opportunity to buy at a low.
Yesterday was really chaotic; the Trump family even got involved personally, buying a lot of ETH for around $3500.
They are businessmen; who would engage in a losing trade? The president has clearly entered the market, which is a clear signal that once he comes in, both the stock market and crypto market will rise.
Retail investors are just the harvested leeks, chasing the rises and forced to cut losses during the drops.
I had previously reminded everyone multiple times to buy in batches, not to panic, and to rationally buy at the bottom. This drop is actually just a small pullback in the bull market and a good opportunity to get in before the final rally.
Looking at it now, although BTC has fallen below the upward trend line, yesterday's candlestick chart shows that a lot of big money has come in to buy at the bottom, and it hasn't truly broken that key support line; the bulls still have a chance.
Just keep an eye on that line and see if it can hold. The support below is roughly between 97000 and 90500.
In the short term, the MACD indicator shows signs of a rebound, so entering with a small long position now is fine; set the stop loss at the previous high point or if it rebounds to the resistance level, a small short position would also be good. Next, it will probably just oscillate back and forth.
The Nasdaq is similar; every time it pulls back to the key line, it bounces back up, and the crypto market is likely to follow suit.
Many altcoins have also been washed out, with leverage and floating profits cleared, making it a good time to buy at the bottom again.
For the upcoming layout direction, I will guide everyone to aim for the highly profitable opportunities in altcoins, expecting a potential space of over 10 times is not a problem; like + leave a message, and I'll take you through the entire bull market!
