The market was very quiet yesterday, with no significant selling. Let's see how the situation unfolds today.

Today, more positive news has been released, which is beneficial in the long term, but has little impact in the short term. The daily issuance of 2 million coins, although unable to be withdrawn, will have a certain effect on the market, causing panic. Additionally, the usual destruction mechanism is somewhat unsatisfactory; the amount destroyed is still too little. Looking at the long term, it is bullish, but in the short term, it remains bearish. For those with thoughts on the market, whether bullish or bearish, be sure to set stop-loss orders.

If there are actions from the market makers today, it is highly likely they will drive prices up to entice buyers and then sell heavily. Moreover, analyzing BTC, the U.S. allowed the sale of BTC before the establishment of the country, which is interesting. I estimate that BTC is likely to continue to correct over the next couple of days, with a significant market movement expected next week. This weekend will mainly see a slow decline, and tonight it is highly likely we will break the previous low. It might be a good idea to position yourself with a long position and short position; do not be greedy. If there is a real crash next week, the altcoins will likely suffer greatly. However, this might be the last correction before the market takes off; after that, it’s hard to say, and we will have to see how things develop.