Before the US stock market opened, there was a pullback. This market situation has been discussed many times by Shi San, and I hope everyone can accept it calmly.

If you want to achieve a doubling increase, then you need to mentally prepare for a drop of several dozen points.

The process is not important; the result is what matters most.

There’s no way around it; the three major U.S. stock indexes have collectively plummeted, which has indeed dragged down the crypto market. It's normal, so everyone should refrain from constantly staring at their account balances these days. These are illusions, and the more you look, the worse your mindset becomes, ultimately leading to distorted operations.

As the market declines, various bearish voices will emerge collectively. If there are more bearish voices, it may indicate that the main players are quietly buying in at this position.

Usually, before a rally, the market will undergo a deep pullback to shake out the hesitant investors.

Then there will be a sudden surge.

The support level below is at the 90,000 certificate mark. The likelihood of breaking this position is low because there isn’t much liquidity in the market, and retail investors will have mostly exited during this wave of selling.

Some say that the market makers aren’t so kind as to let the price drop back for them to raise it again, giving the retail investors a chance to get in.

So ask the retail investors around you if they dare to bottom-fish during this downward trend.

In fact, although this wave looks fierce, Ethereum and some valuable altcoins have already started to decouple.

The downward momentum in the market is not very strong, so there’s no need to worry. At most, it will drop to the 87,000 range. With the cost around 60,000 for some of us, we can rest easy.

On the contrary, as the market enters the 90,000 to 92,000 range, Shi San believes it’s time to slowly enter for short-term trading, setting the take-profit at 95,000 and the stop-loss around 89,000.

The above is for reference only and does not constitute investment advice. Please consider carefully.