Let's briefly discuss the reasons for the recent market crash and what operational opportunities may follow?

Since last week, the market has undergone significant fluctuations.

In the past 24 hours, there has been a total liquidation of 540 million, with long positions accounting for 450 million【Mainly liquidating longs】, most of which are serious losses in Ethereum.

This has led many brothers to tell me that blockchain is a scam and that this bull market has peaked, asking if there are still opportunities?

The main reasons for this drop are as follows:

①: The U.S. PPI data exceeded expectations and surged.

②: The U.S. Treasury Department denied expanding Bitcoin reserves【Negative news】.

③: Bitcoin's RSI showed a bearish divergence, and the three-day chart formed a "double top" structure (similar to the precursor of a 35% crash in January this year), and Ethereum's staking ecosystem is fragile.

This wave is essentially the market makers cooperating with data to liquidate contracts; this is the norm in a bull market. The pace has accelerated this time; the slow rise in the bull market is due to too many contracts, which leads to back-and-forth liquidations.

Currently, Ethereum at 4270 has very little chance of continuing to drop significantly, with strong support around 4180.

This round of liquidation has basically built a bottom, and currently, many altcoins are still at the bottom of their range.

Therefore, I recommend several altcoins that I am very optimistic about for gradual accumulation: UNI, DOGE, SOL.

A big drop presents opportunities! When others are fearful, I am greedy!

I will find suitable positions and notify fans in real-time for accumulation; those interested can follow me! $BTC $ETH #加密市场回调 #主流币轮动上涨