Share a phenomenon I observed before. Last weekend, many altcoins exhibited similar trends: a significant drop in price accompanied by an increase in positions, followed by a slight downward trend with positions gradually rising or maintaining at a high level. On Monday morning, Bitcoin had a sudden drop, followed by a continuous decline leading to a big plunge in the US market. This big plunge was accompanied by a significant decrease in positions.

This round has ended, and in hindsight, this round was a victory for the bears, as they harvested the retail bulls relying on the market's decline. The subsequent rebound was caused by bears closing their positions, indicating that the bears are also unwilling to actively attack further downwards here.

Currently, the altcoin market is severely polarized. Some altcoins have completed bear position covering and started actively buying to push prices up, while others are still in the process of covering their short positions. Therefore, if you missed the first round of the rebound, don’t be anxious; as long as there is capital coming in and you can capture it in time, altcoins are still worth playing.

Additionally, on the 20th, Trump took office. The positive impact on the cryptocurrency market has mostly been digested since his election victory in November. The mildest trend would be a slight decline, but the selling pressure shouldn’t be too large. This judgment is based on Wall Street institutions buying on expectations and selling on reality. If the newly inaugurated president’s executive orders turn out to be favorable for the cryptocurrency market, then activating the market to challenge 110,000 again is also possible.

In summary, don’t rush, protect your principal, and survive until the stage of making money with your eyes closed #市场反弹预测 #还有山寨季？