Many people are waiting for the market to drop further, but I think it won't drop much for four reasons:

A few days ago, it dropped sharply, and many positions have been liquidated, so further drops would be meaningless;

Those who bought at the bottom have basically closed their positions, and the selling pressure can be absorbed;

Previously, panic peaked, and those who cut losses want to wait for a second chance to enter the market, but they are unlikely to get that opportunity;

There is an expectation of interest rate cuts, and after monetary easing, cryptocurrency is a potential large reservoir, and capital will flow in.

So I think it won't drop much, what do you think?