It's blown up! Will Bitcoin change tonight? Analysis of the bottom-fishing strategy of ten-fold coins

Market analysis: Yesterday, it was mentioned that in the next four hours, the key position of 66,000 is very important for Bitcoin. If it can be held and not effectively broken, it will soon enter the rising mode; if it is effectively broken, it will enter the shock adjustment period again in the short term. However, no matter what the short-term trend is, it will not affect the explosive market at the end of the year. When the market falls, altcoins are often dragged down. You can take this opportunity to lay out some high-quality altcoins. The crypto market has been dominated by long orders in the past two days. In the past 24 hours, a total of 94,299 people were blown up, with a total amount of $234 million. The largest single blow-up order occurred in OKX - ETH-USDT-SWAP, worth $5.2144 million.

The CPI data will be released at 20:30 tonight, followed by the Federal Reserve's interest rate decision at 2:00 a.m. Thursday, and Powell will give a speech at 2:30. The CPI data is not expected to be too different, and the Fed meeting may continue the previous tone. However, the overall market has shrunk by more than 10% in the past week. Through observations in recent days, this round of plunge is more of a compensatory decline in large currencies such as Bitcoin and Ethereum, while many small currencies that have performed strongly before have relatively small declines. Many altcoins are close to the position when they fell in April, and they have fallen without volume. Those who should sell have been sold, and those who should cut have been cut. A transaction volume of hundreds of thousands can bring a 5-10% decline. This decline does not make much sense, and a rebound will come soon. Every time a market comes, it is often accompanied by bad news and panic, so tomorrow's bad news may not be considered a big bad news, and there may even be a reversal against the trend. Of course, the reversal market may not appear immediately, and there is a high probability that it will experience some ups and downs, but the bottom will gradually rise. What needs to be done now is to wait patiently for the next wave of market. It is normal not to be able to copy completely at the bottom. I also have a slight floating loss, but the subsequent market will pick up again. If there is another pin drop tonight, you can consider layout. However, you must pay attention to not using high leverage to buy small coins at the bottom. Spot or 2x leverage is enough to avoid liquidation and do a good job of risk control.

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