ARE YOU FEELING PESSIMISTIC?
Out there, everyone is shouting about downtrends, but I still believe this is a good opportunity for people to buy. Before any market rally, there is always a strong shakeout wave, and I believe that right now, almost all the weak-handed investors have sold out, or deleted their apps; everyone currently seems to be pessimistic.
But looking at everything the market has been doing recently, from the regulatory framework being built in all the countries that hold a lot of Crypto, Vietnam is about to even have its own exchange, to the fact that projects are still being listed en masse, and the very poor liquidity recently, there are hardly any new investors to inject money for MM (the timing of pumping right now doesn't bring in much money), old projects have few holders, and new projects have not unlocked many dev tokens yet. The growth wave was a year ago.
This moment is very similar to May 2021 when BTC fell from 64K to the 30K range, when everyone thought about the downtrend, but afterwards, we had a huge wave in the second half of 2021.
So I still think this is a necessary dip to completely shake off old investors before entering a strong rally. Where those who got shaken out once again become liquidity.
Wishing everyone good luck.