The current market does show a general downward trend. Not only cryptocurrencies have plummeted, but risky assets such as US stocks and gold have also been generally impacted.

The market surge in May and the excessive enthusiasm of the MEME market are reminiscent of market corrections after similar situations in the past.

As we can see, the 519 crash in 2021 occurred shortly after the MEME boom.

In the face of such a large decline, investors' mentality and position management are particularly important.

CPI data is not expected to fluctuate much, and the content of the Fed's meeting is roughly predictable, so these aspects may not have a new impact on the market.

However, the pessimism in the market in the past week has been quite fully reflected in the price trend, and the overall market value has shrunk by more than 10%.

From recent market observations, many so-called "copycat" assets have approached or returned to the level of the decline in April, and this decline has shown the characteristics of a volumeless decline, which means that the market has sold what should be sold and the stop loss has been stopped.

Even a transaction volume as small as a few hundred thousand can trigger a 5-10% decline. This decline has lost the power to further suppress the market to some extent, so the possibility of a rebound is also increasing.

Every change in the market is accompanied by the spread of bad news and panic. However, as far as the current bad news is concerned, I think its impact is not great, and the market may even take this opportunity to reverse the market.

Investors need to remain calm at this time and manage their positions reasonably to cope with possible market changes.

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