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The market may continue to fall, similar to what happened on October 11 last year: a sustained decline after an oversold bounce.


After all, Trump is pro-crypto, while the Democrats favor heavy regulation.
My personal view is that the broader market may be headed toward the 60,000 level this time.
Whether I’m right or not, given the current situation, it’s time to be especially cautious. Don’t blindly chase longs!!
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MemeChef
44 minutes ago
Last October, I rode it out fully invested. This time, I’ve learned my lesson and trimmed my position first
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GasHunter
an hour ago
Strict regulation ≠ a downturn, pro-crypto ≠ a rally; the market has its own rhythm
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DAppTaster
an hour ago
The period of limbo before Trump takes office is the most dangerous; policy uncertainty is at its max
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LeverageBalancer
an hour ago
Regardless of political stance, the on-chain data really doesn't look good. Smart money is pulling out.
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StableSavingsClub
an hour ago
Enough, I've already reduced my leverage to 0.5x. Staying alive is what matters most
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LiquidityFisher
an hour ago
If the broader market is looking at 6, altcoins would have to start with 3. I can't even imagine
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CryptoGlacier
an hour ago
The outlook looks a bit bearish, but I think 58,000 can hold for a while
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LendFarmer
an hour ago
Being pro-crypto is just a slogan; real bullish signals come from ETF fund flows
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FraxFarmer
an hour ago
First Review
Your analysis is exactly the same as my review: a classic bull trap on an oversold bounce
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