Last night's market was like a roller coaster ride. It was soaring in the clouds the previous second, and fell to the bottom in the blink of an eye. This wave of "flash crash" really caught people off guard, especially those long-term holders of high-multiple contracts, especially the players of altcoins. It is estimated that many people did not sleep well tonight. Bitcoin fell by about 6%, and some altcoins were directly beaten back to the lowest point on the 20th, and some even hit new lows.
Originally thought that the interest rate cut in January was a foregone conclusion, but Wall Street suddenly changed its direction and lowered its expectations for interest rate cuts in the first half of 25 years. This news was like a depth bomb, instantly detonating the panic in the market, causing many high-leverage long orders to be forced to close. Now it seems that under the tight funding situation, weak coins have become weaker, while strong coins have become stronger. Don't think that some currencies will not fall again if they have fallen too much - it turns out that many altcoins can't find the bottom at all.
From a technical point of view, the 4-hour chart is forming a double bottom pattern, but it is hard to say whether the current price is the bottom, and it is also full of uncertainty to restore the bullish trend in the short term. Therefore, players must be careful when adjusting their positions. You can add some positions appropriately, but don't go all in. After all, in this market, no one dares to guarantee what will happen tomorrow. It is better to leave some room for yourself. What if the market continues to decline? The one who laughs last is the real winner.