Last night, the cryptocurrency market crashed dramatically! Ethereum failed to break through 4800; are altcoins going to bleed out? Last night’s market was yet another bloody storm! Bitcoin and Ethereum led the charge downward, with Bitcoin dropping around 5%, while most altcoins fared worse, generally falling over 10%! Some weak coins fell back to pre-liberation levels, completely giving back gains from just a few days ago, even re-entering a downward trend. And what about those strong coins? Although they also corrected, they only gave back part of the gains from the previous days and did not suffer severe damage. This wave of decline left many completely bewildered—should they run or stay? Those who were chasing gains a few days ago are now feeling anxious, wondering: is the bull market over? Should they cut losses? And those who have always been bearish are now more convinced that the market can’t rise anymore, believing a significant drop is coming.
But is that really the case? The weekly trend tells you: the bull market is still here, don’t let short-term corrections scare you! From a macro perspective, Ethereum has just broken through a significant resistance level after several years, which means a new upward cycle has just begun! The weekly volume and candlestick patterns all show that the bulls remain strong, and there is no issue with the trend. So why did it suddenly plummet yesterday? The main forces are playing psychological warfare! The market is about to challenge historical highs, and retail investors generally feel that 'it can’t rise anymore,' fearing a correction, so the main forces simply smashed it down first, letting those with weak resolve get out, and coincidentally blowing up those who are shorting with high leverage. This way, the subsequent rise will be smoother.
What’s the next move? It mainly depends on these key points! If the decline starts to reduce in volume and there is no continuous plummet, it indicates that this is just a washout, with the main forces cleaning up floating stocks. If the key support level holds and a rebound signal appears quickly, it means the correction is over, and a new round of upward movement is about to start! If altcoins continue to decline without rising, then be cautious; it indicates that market funds are concentrating on mainstream coins, and junk coins may be eliminated.
The market will still explode, but choosing the wrong coin = wasted effort! Not all coins will rise in the upcoming market! Some coins are already completely weak, and even if the market hits new highs, they may continue to decline, while strong coins, even after a short-term correction, will rebound first or even break previous highs. So don’t buy blindly! You must closely monitor the market to select the right coins and hit the right rhythm. Otherwise, even if the bull market comes, you may just watch others make money while you miss out or even lose money!
Follow Su Ge’s precise strategy analysis and leverage a million AI big data to select coins that will help you remain undefeated. The market is always full of opportunities; the key is whether you can seize them. Only by following experienced and the right people can you earn more!