Hello everyone, I am Tommy, a crypto economist and a trader who has been rooted in the cryptocurrency circle for 6 years, mainly focusing on Ethereum (ETH). First, let me talk about the three things I don't do in trading: don't trade when tired, sleepy, or fatigued; don't trade when in a bad mood; don't trade when unable to understand the market trends. (In a bad state, one cannot perform at a normal level, leading to significant errors in market judgment.)

The length and height of the market are unpredictable. This statement once again confirms the suddenness of the cryptocurrency market. Around 5:30 in the morning, while everyone was asleep, the market experienced another cliff-like plunge, leaving the bullish market speechless.

Following Bitcoin's drop below 28,500 USDT last night, Bitcoin once again plummeted in the morning, with the lowest point reaching 24,098 USDT on OEX, hitting a new low in nearly 5 months; Ethereum also hit a near 5-month low at 1,466 USDT. The platform's lowest slippage was 609 points for Bitcoin and 30 points for Ethereum, causing many traders to wake up to inexplicable position changes. Of course, I have considered numerous scenarios of decline, but I overlooked this scenario of a double kill for both long and short positions. After this month of deep adjustment, the overall market will definitely face another period of recovery and volatility in the near future. Our focus should also shift to short-term hot altcoins. Of course, there are various opinions on today's market decline, and everyone has their own views.

1: Collective market corrections in various countries leading to liquidity tightening

2: Declining liquidity in the crypto market

3: SpaceX selling $373 million worth of Bitcoin

4: Evergrande filing for bankruptcy

5: Ongoing Ripple incident

In short, when the market experiences a sharp rise, a bunch of positive news emerges, and when it plummets, a bunch of negative news surfaces. For me personally, these are just everyone's attempts to find a reasonable explanation for the market's drastic fluctuations. The fundamental reason is still the result of market manipulation by the big players. Tightening market liquidity, reduced incremental funds, and the need for risk control by the big players lead to panic selling and market downturn. So, for the recent market, everyone just needs to maintain an optimistic attitude. As I mentioned yesterday, trading is a long-term battle, not a get-rich-quick game. We just need to wait for one or two opportunities to seize.

For friends who haven't kept up with live trading recently, focus on OG LPT BLZ… these altcoins and look for opportunities. The operating space for mainstream coins Ethereum and Bitcoin has also reached our expected position, so we just need to be patient and wait.

Specialties: Candlestick trading, proficient in stocks, funds, Hang Seng Index, and cryptocurrency spot cycle investment

Original trading volume strategy.

Short-term swing high and low, medium and long-term trend trading, extreme retracement on daily chart, top prediction on weekly K-line, head prediction on monthly chart

Follow the QR code on the public account for more information.

Please be cautious and discerning, and thank you for reading!

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