The sharp drop in Bitcoin and Ethereum may be a good thing for the altcoins that have not risen at all. First, it releases risks. If Bitcoin and Ethereum have been maintained at a relatively high level, the altcoins dare not pull the market at all. Under such a bad external environment, the main force of the altcoins is also afraid of encountering a sharp drop in Bitcoin and Ethereum during the pull-up process, and then it will be passive.

Second, the fleeing funds caused by the sharp drop in Bitcoin and Ethereum may flow to the altcoins, and the altcoins are showing a state of recovery.

Third, in the past six months, with the continuous rise of Bitcoin, the altcoins have been constantly hitting new lows, so why can't Bitcoin continue to fall, but the altcoins have started to rise! This round of gameplay is obviously different, nothing is impossible.

Fourth, from the actual market, the overall performance of the altcoins that fell sharply last night is greatly different from the usual suicide mode, and it is obviously resistant to falling, which needs further confirmation in the future market.

Now last year's old mining machines have been shut down, and they lose money as soon as they are turned on, so it is unlikely that Bitcoin will continue to fall sharply.

The reason why the market falls when the bad news comes and the good news comes is mainly because the US economy is in a dilemma. Whether to fall or not, how much to fall or not, all face trade-offs, and there is no perfect solution.

In fact, where will Bitcoin go in the coming days? Most people in the market are guessing. Everyone has different criteria for judgment and draws different conclusions. So make the decision you want to make, don't care what others say. The actual situation is that everyone is gambling, you are not necessarily wrong, place a bet and wait for the market to give the result. It is difficult to avoid nervous and anxious emotions, but we try our best to adjust and divert our attention. No matter how big our psychological fluctuations are, they will not have any impact on the market, but will lead to wrong decisions.

Relax on the weekend, I am going to watch a movie and empty myself. I wish you all a happy weekend!