The view on the current market is very subjective and is for reference and learning only.
Question: Recently, this trend resembles the continuous decline after May 19. When do you think it will hit bottom and rebound?
Answer: It feels different from May 19. Essentially, both are about deleveraging, but May 19 was a major correction and crash after all the sectors exploded. Recently, it's just a deleveraging phase before the rise, and 90% of altcoins haven't really increased much; they have just started to rise a little.
Question: When do you expect it to reverse? I see that leverage positions are particularly low now. When do you predict this continuous decline will reverse?
Answer: We are now waiting for Bitcoin to lead the next round of market for altcoins. According to historical patterns, there was a month of volatility from December to January 2020, and it has already adjusted for 13 days now. If it oscillates for another half a month, it should be about right.
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