Weekend Cryptocurrency Crash!

Today is the weekend, and various altcoins have started to plunge. ETH has directly broken through the key support level of 2500 points, and many people are starting to shout that a crash is coming. Some even claim that a black swan event is on the way. In my view, these are just clowns jumping around! A slight pullback and it's labeled a black swan; there are plenty of black swans around!

To understand the reasons behind this, let's first ask ourselves a few questions:

(1) Did you have FOMO and buy more before this surge? To be honest, some might have bought, but definitely not many. If that's the case, who is holding the tokens that are crashing? Experts are complaining about having too much money.

(2) Do you dare to buy more during this crash? Of course, not many people dare to buy more because of a lack of confidence and fear of further drops. After all, BTC has once again crossed the 100,000 mark, and no one wants to get stuck at the peak.

Finally, I want to say that a drop over the weekend might not be a bad thing. Just like last week's surge, it will definitely bounce back on Monday or Tuesday. And this weekend's crash can easily be predicted to be recovered next weekend.