In the current market, the number of investors choosing to take on high-leverage short positions is significantly larger, does this suggest that prices will continue to rise? There is indeed a possibility of that.
In other words, there may be the commonly mentioned 'rebound' phenomenon, where market prices experience a wave of upward movement.
Especially when there are many short positions, prices often have the potential for a rebound, which in turn forces shorts to close their positions.

Characteristics of the Shanzhai Season
1. Low-Quality Altcoins Explosion: Various unknown Shanzhai projects start to double frequently, attracting a large amount of short-term capital.
2. Extreme Market Optimism: Investors generally believe that "buying with closed eyes will still lead to gains," and speculative sentiment reaches its peak.
3. Mainstream Altcoins Weakening: The craziness of Shanzhai often accompanies mainstream altcoins entering a period of volatility or stagnation, with funds gradually flowing from mainstream altcoins to high-risk Shanzhai projects.

Altcoins are dropping sharply, the fundamental reason is:
When Bitcoin rises, many people buy altcoins, and the market manipulators take the opportunity to sell wildly, resulting in most altcoins not rising as much as Bitcoin.
Market manipulators hold a lot of tokens, they only sell and do not support the market, and when it drops, they sell even more. In the past, it was difficult to list tokens in the crypto space; market makers paid attention to token distribution and market control, and exchanges had strict requirements.
Now, Binance can list many tokens in a month; listing has become too easy. Market manipulators only care about selling; if a project is not good, they just switch to another one with a new presentation.
With USDT and resources, it is very easy to list tokens. Exchanges do not take action; if they were to enforce market support, project teams might support the market, and altcoins would not drop so severely. It is all due to neglect.

Move is still in a downward trend, but I want to take a chance, so I set a move stop loss myself. I set a stop loss of five points.
The current price is 0.7665, open long, target 0.83 ​​​​

The most classic cryptocurrency trading mantra in history, memorize it and benefit for a lifetime!
1: Do not trade during sideways movement, buy on upward breakouts and watch on downward breaks. Only when a clear bullish breakout signal appears with a significant upward candle is it a good opportunity to enter.
2: Buy on pullbacks that stabilize, sell on rapid surges; moving with the trend is the mark of a hero.
3: The first long bullish candle at the bottom, do not leave long upper shadows on pullbacks, hold onto your coins until the market closes.
4: Buy on bearish candles above the moving average, even if it's a mistake; sell on bullish candles below the moving average, even if it's a mistake.
5: A flattening 120-day line indicates a bear market has arrived; when the 120-day line starts to rise, buy decisively on pullbacks.
6: Reduce positions on significant declines, a low volume new low is a bottom; an increase in volume during a rise is key, confirm on the pullback to enter.
7: Low-level hovering hides danger, complacency causes a slippery slope; the evening star signals the end, never become a dead bull.
8: A high-level sideways movement followed by a surge, seize the opportunity to sell quickly; a low-level sideways movement with new lows is a great time to buy in fully.
9: Anticipate three consecutive bearish candles, a significant drop is certain; observe three bearish stars closely, don't rush but carefully discern.
10: Selling should have good market sentiment, positive news is followed by expectations, cold washing and hot selling is a prerequisite. A volume stagnation signals the end of the rally.
11: This year, do not buy the leading coins from the last bull market; do not buy coins that have been consistently dropping in the second half of the year.
12: Shorting requires bad news, the overall market is sluggish and needs cleansing. Continuous new lows with low volume signify the extreme of bearishness.

The fundamental reason for the sharp drop in the altcoin market is that the dealer only wants to sell the coins and does not care about the market at all.
At present, the sharp drop in the altcoin market is mainly because some dealers are only concerned with selling the coins in their hands quickly, regardless of whether the coin price will be affected. In the past, it was difficult to list coins, and the dealers needed to consider how to control the distribution of chips and market value, but now the situation is completely different-listing coins has become very simple, especially large exchanges are listing a large number of new coins every month (for example: USUAL, PENGU, CAT, VANA, etc.).
Today's dealer operation logic is very simple: after selling a project, quickly switch to the next project to continue to make money. Because of sufficient funds and abundant resources, listing coins is as easy as drinking water. However, the exchange does almost nothing about this. If the project party is forced to protect the market, many project parties dare not do so at all. Therefore, this irresponsible behavior has led to the instability and sharp drop in the altcoin market.

Classic 9 sentences:
If you want to get rich from the crypto world, you must do this:
1. Do not invest more than 60% of your assets in cryptocurrencies.
2. Never borrow money to invest in cryptocurrencies.
3. Always invest in high market cap leading coins.
4. Ensure to buy at low prices.
5. Don't worry about short-term fluctuations; hold for the long term.
6. Be patient and avoid frequent trading.
7. Always believe in the potential for growth; don't get swayed by rumors.
8. When prices reach a high point, decisively sell everything.

Focus on several quality targets
imx. zrx. ustc. aidoge. lpt

In order to clean up the long leverage, will it continue to drop?
However, I think if altcoins drop further, the 'dog traders' may have a harder time.
This reminds me of a term from playing League of Legends: 'blood exchange.'
It's like you hit me once, I hit you back once, and we see who feels more pain. If you don't yield, we keep exchanging until one side backs down.
If you're afraid of pain and don't dare to exchange blood with others, then others will keep pressing you and bullying you. But as long as you exchange once and let them know what pain feels like, they won't dare to mess with you casually anymore.
That's right, the blood exchange will definitely hurt, but the key is to make the other side hurt more. Only then will they be honest and willingly be suppressed by you.
The 'dog traders' exchanging blood with the bulls is to make those who open long positions feel pain, get scared, and not dare to open positions casually anymore.
As for me, exchanging blood with the 'dog traders,' when they crash down, I'm still willing to bottom fish, betting that there will be another wave of new market trends!

ETH
Ether needs to wait for a bottom pattern of more than 1 hour, with the daily support of 3200. The price needs to be above 3300 to form the bottom today. If it stabilizes at 3300, you can try to catch a rebound on the daily line.

Market Analysis—BTC🔥
4-hour K-line trend:
Resistance level: around 96824～98430
Support level: around 90525～92548
Bitcoin's 4-hour cycle K-line has seen a volume decrease and is rising, with weak rebounds. The 4-hour cycle K-line is currently following a downward wedge channel trend; please pay attention to the resistance level around the neckline at 98800;
In the smaller cycles below 12 hours, the trend indicators are resonating with a downward trend, suggesting short positions on rebounds in the short term;

The most commonly used tactics by the dealers are 'washing the盘' and 'lifting the盘'
Washing usually occurs at the bottom, where the dealer creates a short-term rapid decline, inducing panic and driving away unstable retail investors. During the lifting phase, the action is also quick, not giving retail investors a chance to enter, causing conflicted retail investors to buy at high prices.
If we can see through these tactics of the dealers, and manage to maintain our composure during the panic at low levels, stay rational during the dealer's washing phase, avoid cutting losses at low levels, and not blindly chase high prices during the lifting phase, while having our own fixed trading rhythm and only taking advantage of their favorable winds to catch a bit of the 'fish body', then we will not be trapped at high levels, and the dealers will have no way to deal with us retail investors.

Yesterday: The bull market ended
Today: The bull market is back
Summary: The bull is tired

The full rebound of B circle has arrived! What should be the next step?
　　Finally, we have made it through; a bull market often experiences sharp declines, and the high-profile longs increase. Meanwhile, bears take profit during the plummets and switch to longs, leading to the start of a new market trend. Don't be afraid of sharp declines; hold onto B and be bold in bottom fishing if you have spare cash.
　　The turning point yesterday was the favorable PCE data; currently, it appears that ETH will face some resistance near 3600, with the second resistance around 4000. Looking ahead to March next year, we aim for 8000.
　　Trading B is about being greedy when others are fearful; extreme panic is often the right time to enter.

A sharp decline in a bull market is a great opportunity to increase your position. Many people are afraid and panic, thinking the bull market is over, but little do they know this is a game for the brave!
At the same time, you need to know one thing: during a rebound, you can most clearly see what strong coins are. The stronger the rebound, the stronger the coin. Currently, it is concentrated in meme sectors like DOGE and PEPE, as well as DeFi sectors like UNI, AAVE, CRV, and SUSHI!

After three rounds of bull and bear markets, I have summarized some truths:
1. Buy more as the market falls during the bull market cycle, provided that you control your positions well.
2. In the late bull market, only sell long-term positions and do not buy.
3. Capital is king, control risks.
4. Moreover, wealth must be accumulated. It is basically impossible to get rich overnight. This pile of shit will not fall on you.
5. Buy when no one cares, and sell when everyone is talking.

ETH
1. ETH closed with a large rebound candlestick at 3100 yesterday, which is 50% of the entire increase and also corresponds to the weekly 20-period moving average. From a weekly perspective, this pullback for ETH is considered a healthy retracement.
2. ETH has historically shown a double bottom in price and BTC exchange rate multiple times in December, and this year exhibits the same characteristic. I remain very optimistic about ETH and quality altcoins' performance in 2025.

Everything follows the 80/20 rule, and the cryptocurrency market is no exception. When most people are afraid to short, it’s right for you to short. When it breaks below psychological support and no one dares to go long, you should go long!
If you apply the 80/20 rule well, it will absolutely double your results in cryptocurrency trading!
This week, Qingchen has had a great victory, with 107,000 profits on Tuesday, 106,000 continuing on Wednesday morning, 102,000 shorting on Thursday as the Federal Reserve plummeted to 10,000, and on Friday, 95,500/3,290 first profit taking at 93,000/3,100!
The core of making profits in trending markets is to hold on until the trend ends. Don’t just take a little profit and exit halfway; how many people can’t hold on to the trend even if they correctly identify it? They keep high-selling and low-buying in short-term fluctuations. We only focus on precise turning points and seek the bottom of the market at the right moment!