Last night's market action left me completely stunned. The US stock market shutdown had just ended, which should have been cause for celebration, but BTC somehow learned to "selectively follow" the market – Dow Jones up? No! S&P 500 up? No! Nasdaq down 0.26%? Oh no, then I'm going to fall along with it!
As a result, BTC plummeted from $107,000 to below $100,000, terrifying the entire market. However, breaking through the so-called "psychological threshold" does not necessarily mean a shift from a bull to a bear market. More often than not, retail investors treated $100,000 as a dividing line, causing their emotions to collapse before the trend truly reversed.
Judging from the strength of the two rounds of declines, the bearish momentum has clearly weakened. Even when the previous low was broken, the magnitude was very small—indicating that the support below is still in place. Moreover, this kind of "deliberately breaking the low and then pulling back" pattern is itself a typical shakeout move.
BTC: Last night's sharp drop below 100,000 triggered panic, but overall it's still a rebound and correction phase within a downward trend. For medium-term rebounds, reduce positions first and wait for a reversal in the four-hour trend before re-entering; for short-term trades, consider betting on an oversold rebound.
ETH: The four-hour chart still shows a downtrend.
- Enlarged bearish candlestick body
- 3200 is a key support level; a surge in trading volume is expected.
- MACD forms a death cross near the zero line.
- If the price falls below 3057, the market may decline further.
Overall, prices have returned to the bottom range and are likely to fluctuate between 3057 and 3500 in the short term.
This stage is essentially the accumulation period for major investors. What you should do is not chase the highs and sell the lows, but rather restrain your greedy hands.
Many people are now noticing that some of the smaller, less profitable stocks on the gainers list are no longer following the declines.
You might think these cryptocurrencies have funds supporting their price and will surge once the overall market stabilizes. However, the reality is that these cryptocurrencies will experience a price drop after the market stabilizes in a few days. This is a trick that market manipulators have used many times before, so don't fall for it again.
I took a look at the trends of OKB and BNB.
BNB at least has funds to support its price, but OKB is in complete freefall. Has anyone been trapped in OKB? How much are you trapped?
The recent surge in FIL's price, doubling in value a couple of days ago, was likely due to institutional investors re-entering the market. The current focus is on where it stabilizes after the pullback. FIL has fallen 99% from its high, and while I've consistently called it a shit coin, its fundamentals make it a true leader in the storage sector. Previously, its market capitalization was too large, making it less cost-effective. Now, it's fair to say it has fallen to a more attractive price point. We'll see when the overall market stabilizes, at which point I'll consider re-entering the FIL market.
Potential main themes for 2026: Privacy, Stablecoins, PERP, DeFi, RWA, AI, DePin
Those who are trapped and desperate need not linger on those marginalized copycats. Changing tracks and shifting trends are the most important moves in this round of bear market.
The next potentially strongest narrative directions include:
- Privacy (named by an organization)
- Stablecoins
- PERP (one of the most profitable sectors)
- DeFi (UNI's narrative reignites after it starts charging fees)
- RWA (US Treasury bonds + regulatory drive)
- AI
- DEPIN
Or you can simply play level 1 projects , which are almost guaranteed to make a profit:
👉 CB IPOs (Monad, Sonar, Infinex, Cookie, Vooi) 👉 Large institutional projects (Canton, Aztec, Arc, Tempo, etc.) 👉 Perp DEX airdrops (Lighter, EdgeX, Apex, Pacifica, etc.)
The key point is: don't let "being stuck with losses" prevent you from seizing the next opportunity. The crypto will never lack future opportunities, but it will weed out those who are unwilling to change their mindset.
The opportunity will be gone in the blink of an eye, everyone gather quickly!
Don't let hesitation delay your chance to make money, and don't get burned by worthless cryptocurrencies. Join Sister Miao and let's ride this bull market together!
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