The crypto market last night was truly 'bloody,' with the entire coin community in red, causing many to lose sleep. This is when you need to be clear-headed and recognize one thing: this is a playground for patience, not a place to get rich overnight.
So what happened?
- Bitcoin dominance has encountered a strong resistance zone and has been rejected, causing the entire altcoin market to experience heavy selling pressure.
- The funding rate has nearly reset, signaling a significant position liquidation. How many long positions were completely liquidated?
- Altcoins are also creating lower highs, a technical sign that there may be more fluctuations before the next bounce.
A message for everyone right now:
- Don’t panic and sell off in fear. This is the time when FUD (fear, uncertainty, doubt) spreads the easiest, but the bull market is still there.
- If you are holding losses, take a look back at your strategy. Don’t go all-in, don’t use high leverage because just one drop like last night can wipe you out.
- Spot trading (non-leveraged trading) is still king. Safe, sustainable, and less psychological pressure.
Opportunities are still ahead!
- After strong sell-offs like this, there is usually a recovery if the money flow returns.
- The rejection of dominance and the funding reset may also pave the way for altcoins to rise again. But remember: choose coins with good fundamentals, avoid chasing coins that have already 'flown too far.'
In summary: Last night the market fluctuated heavily, but this is the time you need to stay strong, not to be swept up in the FOMO – FUD whirlpool. Crypto is not for the faint-hearted, but for those who know patience, maintain discipline, and wait for the right moment. Just calmly observe further, opportunities will come to those who know how to wait. 💪
