Today, alternative currencies witnessed a collective plummet, and many retail investors who had begun to regain some confidence were dealt another strong blow, bringing them close to a psychological collapse.

However, in this tragic situation, there are details worth noting: Ethereum has not plummeted sharply. In fact, it is still trying to maintain its pace. This could mean that the strategy of the major players has changed - it is no longer a "mass liquidation", but rather focuses on cleaning up the altcoins, while keeping the main chain stable.
If this ruling is valid, then this plummet of altcoins may be the last liquidation before the big market.
The current fall seems very painful, especially for those who didn't reduce their positions near 2750. When the price drops, there is no money to add, and the mind cannot bear it, so one can only watch.
If Bitcoin falls again, like returning to around 10.2 thousand, altcoins may continue to plummet, and market sentiments might be blown out. However, the real market often emerges in such "sentiment limits."
There is another detail, which is that the prevailing voices at the Bitcoin conference generally expect 100,000 ~ 200,000, which is much lower than the previous enthusiastic slogan that shouted 500,000. The major forces are actively lowering expectations and quietly gathering strength.
Retail investors are increasingly "holding the coin" and are reluctant to make repeated transactions. In the face of this situation, major forces often use a common tactic, which is repetitive volatility to wear down the will. For example, Ethereum rises for a moment to 3500, then falls back to 1800, then rises again and tends towards a fall... making you think each time that it will start to rise, but you get slapped repeatedly.
They do not just launder money, but also beliefs. The more steadfast you are, the more ferociously they launder, until you surrender and hand over your chips, only then does the market truly begin.
In terms of the general trend, I still see things as positive, especially in June, we may witness good news on the policy level. In the short term, the current drop in Ethereum has formed an initial bottom, and if it manages to return to 2100 or even lower, this will be our opportunity to buy heavily.
Finally, a reminder: the trend is upward, but the process is bound to be painful. What you need to do now is to keep calm and leave some liquidity in your hands. Every significant drop is an opportunity to return to the market. There's no need to bet on the peak or the bottom, but you should be in sync with the rhythm. #GT#