A large bearish candle has broken the support line that has held for three months, earlier than expected. Let's see if the US military can bring it up tonight; if not, we will have to enter the second phase of adjustments for the year.

The bull market still exists. If you think the bull market has ended, you should consider whether your position allocation is reasonable.

Do not have faith in any altcoins; if you make a profit, you should convert it to Bitcoin. The popular coins I previously recommended that surged 10 times, like WLD and PEPE, have already fallen back to their original points. The US compliant coins recommended in November are not doing well either, and SOL is also not performing. It has copied the trend of 2021, which is basically consistent, and before the decline, it even took advantage of the Trump incident to explode the shorts.

In my opinion, the only long-term investment worth holding large positions in is Bitcoin and Dogecoin. For other investments, you should convert them in a timely manner; otherwise, the money will eventually go back.

The market is indeed difficult to navigate, but the choppy market after the trend ends is inherently hard to control. Is it really difficult to not buy in a choppy market unless it crashes? Or is it hard to stay in cash waiting for a trend? For most people, it is indeed very difficult; human nature is filled with complex contradictions.

Regardless, the current state of this market is like this: a trend rises to a point, followed by a long period of choppy adjustments. Most altcoins fall but do not rise. It has been like this since institutional involvement, hasn't it? However, since we have chosen to be in this field, we still need to maintain optimism and confidence and continue to build.