Market Observation:
The market has recently experienced significant fluctuations, with altcoins generally seeing large declines due to the halt in Bitcoin's seven-day upward trend.
Bitcoin rebounded sharply during the U.S. trading hours; otherwise, the declines in altcoins could have been even more severe.
Notably, XRP rebounded strongly after a plunge, reaching a new daily high, which also influenced market sentiment.
TRX also surged, while animal-themed coins such as PEPE, XLM, FLOKI, NEIRO, BONK, and mainstream coins performed actively, with BONK skyrocketing by 40%.
On the gainers list, REP surged by 70%, DEGEN, DARAM, and LADYS increased by about 50%, ACT rose by 25%, and XLM went up by 17%. However, some cryptocurrencies faced drastic declines, with PAAL plummeting by 66%, and other notable losers including INSC, ELON, AGLD, CRO, among others.
For short-term strategies, there is no need for excessive panic after the sharp decline; current prices are more favorable compared to previous highs.
If the market experiences another deep correction, it may provide better positioning opportunities.
