ETH entered a typical downtrend channel, leading a wave of altcoins to bear market in advance. Without a bottoming out, altcoins should not participate. ETH is only suitable for counter-trend shorts and high-level long-term shorts. The lowest point of the 2.3 trillion-pin is the direction to be explored next.

The current market situation is equivalent to shortening the 2022 bear market and repeating it in the next 2-3 months. Be cautious about touching altcoins before the big bottom is formed. This situation will only be broken before the first interest rate cut this year. The tsunami recedes only as the tide rises and falls. After the night turns over, it will be a new day. Adjust your mindset, leave enough living expenses, and be prepared for the long term.