In recent days, the market has plummeted alongside Bitcoin, almost like a merciless meat grinder. As early as December 17th, I warned everyone that the market might need to adjust, and technically there were signs of decline. I also advised everyone not to open contracts. Those who took this advice should have avoided this major drop. So, what will happen next in the market? Let me briefly share my thoughts; if you're interested, take a look. This is just my personal opinion and not investment advice!!

This significant drop has many reasons. Over at the Federal Reserve, old Powell said that they can't buy Bitcoin and don't want to change the laws, which has doused the market with cold water. Also, those who made money before now want to withdraw their funds and secure their profits. Additionally, we can't rule out the possibility of large holders deliberately suppressing small retail investors. But to be honest, even though this drop was sharp, going from 108,000 to 92,280 is still less than a 15% decline, which is relatively mild. Many altcoins have been halved, like Dogecoin $DOGE, which fell from 0.48 all the way down to 0.262, and that is truly devastating, a drop of 45%! Just think about the last adjustment when Bitcoin dropped from 73,777 to 49,000; that was a heart-stopping decline, and that extent was frightening.

Now, Bitcoin seems to have stabilized a bit, rebounding to around 97,000. I estimate that over the weekend, the market will fluctuate back and forth around this level, consolidating a bit. At this time, it's not suitable to make random moves, but if you think the price is right, buying some spot to hold could also be a good choice.

$BNB has also dropped significantly, falling from a high of 793 to around 620, a decline of about 21%. However, as a mainstream coin, it has shown good resilience. If you are good at spot quantitative trading, operating back and forth at this time might still yield some profits.