The market has indeed entered a correction phase, and the oversold rebound has ended relatively quickly. I reminded everyone yesterday that aside from those who are bottom-fishing, others can continue to reduce their positions, but I'm not sure if everyone has acted on that. As for myself, I haven't had the chance to reduce my positions before the market started to turn down. However, the sharp drop the day before yesterday has basically reached a temporary bottom; even if there are subsequent corrections, the likelihood of breaking below that level is low.

Generally speaking, such sharp declines usually have a significant impact on market sentiment and investor confidence, so we will likely experience a period of repair and adjustment next, which is a reasonable trend. However, I also mentioned before that the low point from the day before yesterday is basically a temporary low, and we may see oscillations testing the strength of the support, but the probability of breaking below is not high, so it's advisable to place orders near the low.

Overall, there is no need to panic right now. The bull market still exists, after all, the interest rate reduction cycle is still ongoing, and Trump has not taken office yet. This wave of sharp declines is partly because the market rose too quickly and can also be understood as the end of the FOMO (fear of missing out) sentiment surrounding Trump's presidency. Next, we will have to look at specific policy changes and the flow of funds. Many people had anticipated this wave of decline; since it has arrived, there is no need to worry excessively.

From the market perspective, we are likely to see a period of oscillation, and it is highly probable that we will test the lows again, such as ETH at $3100 and BTC at $90,000, with other coins being similar. The highs can be referenced from the rebound high of yesterday and the starting point of the decline; specific coins can be examined by pulling up the candlestick chart. In fact, the upcoming time is more suitable for resting. If you want to trade, you might consider swing trading.

Brothers, stay tuned, we will start the broadcast soon.