$ETH $BTC $BNB
Still bearish, the reason is simple, it's the Triple Witching day, profit-taking, and the news is generally bearish which needs some time to digest. The decline in US stocks is expected to continue for a few more days. In this entire environment, the cryptocurrency market can only continue to adjust and correct; the key now is to see where the adjustment will stop.
Currently, to stop the decline, the stock market would need to warm up or there needs to be a significant positive news event. Moreover, the current price has only returned to the level before Powell compared BTC to gold. The feeling that there has been a lot of decline is mainly due to altcoins undergoing significant corrections, which has led to widespread losses.
Two viewpoints: the bull market hasn't ended, this wave is just a pure correction, but it's uncertain how low it will go. As I mentioned in my article yesterday, with such favorable timing and conditions, it is indeed a good time to sell. Altcoins can be considered, but one should manage their position well. I don't recommend new coins or those rising against the trend. I might buy some PEPE, and for mainstream coins, I will continue to enter BNB and SOL when the time is right. BTC and ETH can be looked at for light positions to go long.
