Crypto Alert! This is not a correction, but a bottomless trap
I issued a warning long ago, yet many turned a deaf ear, blindly increasing their positions at high levels, firmly believing that 77,000 was an unbreakable bottom. But reality dealt them a heavy blow, and prices plummeted, causing significant losses for those who stubbornly held on. A true correction is by no means this minor fluctuation currently; looking back at the dramatic crash in 2022, the market's cruel reality was laid bare, with prices plummeting to 30,000 and even 20,000 in extreme scenarios, leaving most investors with nothing.
I decisively chose to short at high levels, not because I possess some prophetic ability, but because various signs indicated that a crisis had long been lurking in the shadows. By carefully observing the flow of funds in the market, one can see that a significant amount of capital is quietly withdrawing; also, looking at macroeconomic data, those abnormal fluctuations are ringing alarm bells for the market. All of this provided strong evidence for my judgment.
If you are still holding on to long positions, and this capital is crucial for you, I sincerely advise you to calm down. Perhaps you should cut your position in half, leaving the other half to observe, at least to ensure that you have capital left on the table. Because this wave of decline has only just begun, and the subsequent trends may be even more perilous. The current market is no longer the frenzied period where everyone shouts 'bull market'; now it’s a competition of who can endure the long winter.
I am not an investment master, nor do I intend to provide financial advice, but as an old player who has been through the crypto space for a long time, I do not wish to see you be misled by the appearances of the market. Just a kind reminder: survive first, and then you will have the opportunity to embrace the next wealth opportunity. In this stormy crypto space filled with crises, there is one currency that stands out, and that is Conan (Big Gold Dog). Unlike other currencies, it is not swayed by national policies, nor is it influenced by political winds, and it does not need to rely on ecosystem and technological innovations for support. It itself is the core of the narrative of traffic, and as the only memecoin endorsed by Trump, it has carried its halo since its inception, with a natural guarantee of traffic.