Recently, market liquidity has been too poor; altcoins are simply unbearable to watch! !!
Since the massacre on 1011, the damage to the market has not been repaired.
Most people are either playing with altcoin contracts or using altcoins as collateral to borrow USDT.
In one night, they were liquidated and returned to square one; it was truly a sight to behold!
The entire market suffered due to the 1011 incident.
Conservatively estimated, it lost hundreds of billions of dollars, mostly from altcoin contracts and collateral positions!
Many were initially thinking, "Take a gamble, turn a bicycle into a motorcycle," but ended up getting cut down to their last pair of shorts!
As the old saying goes: avoid altcoins, and altcoin contracts are even more toxic!
Altcoins themselves are highly volatile; dealing with altcoin contracts is akin to looking for death!
If you must play, make sure to only engage with the trending coins in each round, and immediately convert your profits into Bitcoin or ETH.
Absolutely do not get attached; otherwise, the risk of losing your principal is extremely high!
BTC's current trend still leans weak, and the price is likely to touch the support around 84000.
This is a key level to watch in the short term!
The day before yesterday, we had a short position at the resistance level of 3060 for Ethereum.
For those who followed, making a few hundred USDT is not a problem.
For friends still holding, reduce your position and protect your cost.
Let's see if there are any new opportunities tonight to set up another round.
If there are no opportunities, just continue to wait.
We will see you in the chat room for the next chance to profit!!!