The harder the fall, the greater the opportunity; the market is the most brutal game!
Brothers, to be honest, right now, with this kind of decline, retail investors can hardly hold on. Many are cutting losses and exiting, and there are countless who have closed their accounts. When the fear index reaches extreme fear at 10, the market is still stagnant, with no trends in sight and no rebound strength at all. To be honest, this kind of violent drop indicates a cleansing process that is indeed more brutal compared to previous years. In fact, this is a helpless strategy of the big players. If it were simple to wash out retail investors, the big players wouldn't resort to such tactics. This proves that there are still many retail investors unwilling to take losses and stubbornly holding on, which is why the big players are reluctant to push the market up. They don't want to leave any bloody chips for retail investors. Once retail investors are almost completely out, it means it's time for the market to take off. Before a bull market arrives, there is always a deep cleansing process; if retail investors don't exit, the big players won't push up the market!
Of course, when considering the news, policies, and technical aspects, the outlook is not optimistic. These are all things for retail investors to observe, so I want to tell you that BTC still has room to drop. The cost range for big players is between 54,000 and 72,000. If they extreme wash the market, it is not impossible for BTC to reach 72,000, whereas ETH is closer to the cost price of the big players compared to BTC. This is why altcoins have almost no room to drop.
So, in extreme scenarios, if BTC drops to 72,000, jump in directly; if ETH drops to 2,000, that is also the final bottom line. If it falls below 2,000, altcoins are almost beyond saving. However, I believe that this kind of crazy washing is more of a sign before a bull market arrives. If goods need to be offloaded, a gradual decline is necessary to sell off more effectively. A reckless sell-off is clearly just forcing retail investors to hand over their chips, and nothing more!