Top Trader Eugene: Investors are anxious about holding spot assets, and the market may enter a consolidation phase

December 22, top trader Eugene N

G Ah Sio expressed his views on the altcoin market, "Altcoins (Alts) quickly fell back to these wick lows within 48 hours after forming the wick lows, investors are extremely anxious about holding spot assets and eager to sell off and exit. The market may enter a prolonged decline or consolidation phase, or experience a sharp sell-off and hit the bottom in a short period of time.]

Note: Wick Lows is a pattern in candlestick charts, referring to the thin line extending downward from the candlestick body, reflecting the difference between the lowest price during a trading period and the opening or closing price. The formation of wick lows is usually due to a significant price dip during trading, but then being pulled back up by buying power, with the final closing price being higher than the lowest price.