December 21, 2024

Yesterday, everyone experienced the first sharp decline since the current bull market, which was different from the declines on the 6th and 10th. The timing and magnitude of yesterday's decline both reached the psychological limit of investors, with ETH's largest decline in more than a day approaching 20%. Coupled with the sharp decline of altcoins, it is obvious that a large number of panic selling has emerged.
Price fluctuations always give us the most direct emotional reactions. It is against human nature to restrain greed and be willing to sell, as well as to endure fear and buy at low levels. I think, for most people, being able to gradually exit the market when it's crazy and gradually buy at the market panic can surpass 90% of people.
What's next for the market? First of all, the bottom has basically formed in the stage, and currently it is rebounding from oversold. I think the big coin will go above 100,000 and continue to drive up the market. Then, in the next few days, there will be a downward trend and a second bottom at a low position. This is a regular trend, so those who bought at the bottom can reduce their positions, and those who did not buy at the bottom can also gradually reduce some. Of course, the bull market is still there, and the second bottom is only judged based on experience. If it does not occur, the current reduction should be prepared for long-term profit-taking.
Thank you for your attention and likes.