In less than ten days, the account value dropped from a high of over 3 million to only 2.3 million, and all the positions added later are trapped, making it very passive and uncomfortable. The drop in Bitcoin was expected, but the unexpected part was the significant drop in the three coins held. Currently, I am still fully invested with a floating profit of 670,000 and a yield rate plummeting to 41%. What should I do next?

This wave was mainly confused by Ethereum's false breakout, combined with Trump boosting Pepe, I mistakenly thought that altcoins would catch up, and I didn’t reduce my positions at the first sign of a pullback. After the selling signal broke below the middle track of the Bollinger Bands on the daily chart, I hesitated, thinking the drop wouldn't be too large, and ended up getting caught in a bad situation.

There's no need to say much about regrets, the key is what to do next! This wave of Bitcoin's pullback is similar to what Sister Bei mentioned before, so the support levels are still in effect, it's just that the drop was a bit fast, and the bulls have hardly organized any decent resistance in these days. Ethereum is still relatively strong, so let's focus on analyzing Bitcoin.

At 111980, Sister Bei still insists on the original judgment that we haven't seen a top. After this structural breakdown, 106500 becomes a dividing line between strength and weakness; only if we stand above it will we strengthen, otherwise we will remain in a mid-term downward channel. The next few weeks will be crucial; we can refer to Bitcoin's trend after December 17, as shown in the picture below.

After the temporary high point appeared, an abc three-wave pullback occurred, and then it continued to create new highs, repeatedly oscillating at high levels above 91,000. Similarly, if it does not effectively break below 101,000 here, the lowest could drop to 100,000, so there’s no need to be overly pessimistic. One can add positions near this major support level, and if it breaks down, just exit; this way, it’s a good balance of risk and reward.

So moving forward, we will observe whether such a structure emerges. Those who are trapped can choose to reduce their positions during the b-wave rebound up to 106500, and then buy back near 101000. The three coins held by Sister Bei will also operate in sync with Bitcoin; if things go fast, I'll adjust next week, and the indicators will basically recover, allowing for a rebound. During the decline, pay attention to some coins that resist falling; if they strengthen later, these coins will also be stronger, like SSV and TAO in recent days, which clearly have funding support.

The rapid decline of altcoins this time has led to a severe lack of market confidence. When everyone is bearish, the market often isn't as grim as we imagine. Short on the downside and long on the upside; I am fully invested, so I’ll reduce positions when prices rise in the short term. Those with light or no positions can take advantage of this pullback to build their positions well.

Last week's review post exceeded 100,000 views again, marking four consecutive weeks. Thank you all for your support! Additionally, Sister Bei has a rather magical travel effect: every time I go on a trip, the market must rise! This bull market has proven this three or four times. Sister Bei's trip to Guangdong will start this week, and I wonder if it will continue to be this effective; it's really hard to explain this kind of mysticism! I hope everything goes as planned! 😄😄

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