Brothers, last night I posted a short-term bearish outlook and temporarily advised against bottom-fishing. This morning, I saw many people criticizing me for being bearish as the market seemed to rise. When I got up and checked the charts, although it did rise, BTC has not broken through the descending 📉 trend line. This level of pump is the most misleading, and many people jumped on the bandwagon only to get stuck in the short term (of course, in the long run, BTC will never let down any investor). My viewpoint remains unchanged; at least wait until today’s closing daily candle is a solid bullish one before making any decisions.

You can block all the bloggers who are urging you to buy the dip; BTC has already peaked in this phase, and currently, BTC has not stopped falling in the short term. I predict that within the next two days, it will definitely retest the 90,000 mark.
One of the biggest illusions this year is that altcoins have stopped falling and have nowhere left to drop. However, if you extend the timeline, the vast majority of altcoins, even the leading altcoin Ethereum, cannot outperform Bitcoin, and when they drop, they have no bottom. This can be seen from the steadily declining ETH/BTC exchange rate. Therefore, the previous investment strategy of heavily investing in several altcoins with the hope of tenfold or hundredfold returns is no longer so easy, which is closely related to the saturation of the cryptocurrency ecosystem.
In the short term, I still hold a bearish view. I will consider purchasing some recently strong-performing altcoins after the market shows signs of stabilization.