This wave of decline occurred in a situation where the market was unprepared, not as violently as a black swan, but the intensity is comparable to it. A dull knife cutting flesh hurts more; the market trend has also come faster than expected, which is a reflection of the current liquidity shortage in the market.
The rebound from the large coin to 76000 is the best short-term opportunity to escape the top and enter a short position. After testing 70000, the price is approaching the major threshold of 60000. Our expected first entry position around 55000 is also gradually getting closer. Now, aside from waiting with no positions, there is no better way.
The decline of Ethereum is even more like a shanzhai, breaking the 2000 mark, and has already dropped to around 1700, getting closer to our 1500. Once we reach the expected level, we will start a regular investment.
The rebound from the black swan will be stronger than the current market. The current rebound is, like before, just a rebound; it will not be a reversal. The entire fan token is also adjusting accordingly, based on the favorable news from the World Cup and the overall market capitalization being relatively small. Continuing to hold has a good chance of profit, as long as we control our positions and plan our funds well.
#Crypto market adjustment
