After experiencing a sharp rise, it was unexpected that the plunge would follow so quickly. Last night, the "flash crash" event swept the market, causing long positions in highly leveraged contracts to be hit hard, especially altcoins, which suffered particularly significant losses.

Bitcoin also fell by about 6%, and some altcoins even fell back to their lowest point on the 20th of this month, with some even setting new lows. The market originally had no expectations for an interest rate cut in January. However, Wall Street unexpectedly lowered its expectations for an interest rate cut in the first half of 2025. This news was used as an opportunity to clean up highly leveraged long positions.

In the context of scarcity of funds, weak currencies weaken further, while strong currencies remain relatively strong. Oversold does not mean the end of the downtrend, and many altcoins have fallen to bottomless levels. Judging from the 4-hour chart, the current price has not yet formed a clear bottom pattern, and the double bottom structure still needs time to be verified. It is still difficult to determine whether the market can resume its upward trend in the short term.

Therefore, it is recommended that investors gradually adjust their positions and cover their positions appropriately, but they need to avoid full positions. #加密市场回调 #比特币 $BTC