Feeling deeply disappointed, the absence of the cryptocurrency circle during Trump's inauguration yesterday is perplexing. Where will the cryptocurrency world head in the future?
At the moment of Trump's inauguration last night, the cryptocurrency topics we expected were not mentioned, and the market did not see the significant rise we anticipated. Instead, various cryptocurrencies began to experience substantial corrections. This seems to reflect market principles: when positive news has been fully released, the market often undergoes adjustments.
Without unexpected positive news to stimulate it, this correction may last for 1 to 2 weeks. This is similar to the situation after the Bitcoin ETF was launched last January, where the market corrected for two weeks before taking off again. With the upcoming March, there is an expectation of upgrades in Prague, which we have previously analyzed in depth.
However, we can still hold on to a glimmer of hope. The rebound in the US stock market may perhaps drive the cryptocurrency market as well. After Trump took office, the bearish factors affecting the US stock market seem to have been fully released. With the disappearance of various uncertainties, the US stock market may experience a rebound. This rebound could spill over to the cryptocurrency market and help stabilize the situation.
Yesterday, investors across the network were anxious about missing opportunities, but we chose to retreat amid the torrent and timely took profits on all contracts. We opted to wait for the market to correct before re-entering, which is a prudent strategy.
For Ethereum, I have already placed buy orders above the 3200 and 3000 price levels; for SOL, I have also placed orders above the 200 and 230 price levels. For other cryptocurrencies like Pepe and Sui, I am also prepared to enter at suitable low points. Our strategy is 'When others are greedy, I am fearful; when others are fearful, I enter,' waiting for the shift in market sentiment to find the right entry point.