Today's crash, especially the crash of the altcoins, has no technical indicators to speak of; it's completely due to retail investors panicking and selling off, while the big players are heavily dumping. All support levels have been breached. ETH, can you imagine, actually dropping to 2100? When BTC was at 56000, it didn't even reach that. This time, it dropped to 90,000, and it actually did. Spot traders may see significant losses, while contract traders should all be exposed. A few days ago, I mentioned that there might be a market on February 2-3. But I didn't expect the drop to be so terrifying. At this point, if you're stuck, don't sell off. Looking at the long lower shadow, the big players have achieved their goal. After this crash, under normal circumstances, we should soon see a subsequent rise. But all the retail investors are wiped out. Spot players, if you just got caught in the dip, those who bought at 2100 ETH will feel great. Everyone is saying ETH will surge 50% in February, which would make it around 4000. This morning, it was hard to breathe; I can only calmly tell everyone to stay grounded. Just lie flat and don’t sell off. Take a chance; even Trump, if he's stuck, will want to get out. Maybe in the next couple of days, the U.S. BTC national plan will be approved. The crypto market will start another round of frenzied rallies.
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