Last night, the US stock market experienced a big dump due to the market's disappointment over the failure to end the US government shutdown, with the Nasdaq at one point falling 2.5% and NVDA dropping 5%. During the decline of the US stocks, Crypto Assets did not follow the fall but instead made a Rebound, forming a double bottom pattern with the bottom on November 5.

The crypto market is more sensitive compared to the stock market, always dropping before the US stocks and rebounding before them as well. This happened multiple times last year, and this time also confirms this view.

As the US stock market made a V-shaped recovery in the early hours, almost regaining its losses, the crypto market also experienced a rally. Compared to BTC, the gains of altcoins were even more impressive, especially for older coins like storage tokens and inscriptions, which performed remarkably well. Meanwhile, the previously hyped coins like ZEC and AIA have started to fade.

Here are some suggestions for the market in the next few days:

Whether the V rebound of the US stock market indicates a bottom is still unknown. If the government shuts down or there are issues after interest rate cuts, then it will fall again. If the US stock market falls, the probability of the crypto market falling along with it is much greater than an independent market.

The aftereffects of the big dump on October 10 are not over yet; DeFi projects, exchanges, and treasury may still have hidden risks that haven't exploded. Many people are shouting that the bull is back and it's the season for altcoins, but it's best to just view it as a joke.

There won't be a comprehensive season of copycats like in 20-21; there will only be periodic copycat markets. When Bitcoin is consolidating or slightly rising, altcoins may surge, but once that phase ends and a correction begins, they will fall back to where they started rising from.

If there are low-priced chips/being trapped, or if you are chasing after the rise after the launch, you can be a little more patient. Generally, these old coins will not only pull up once after they are launched; there will be a solid increase, which may last from several days to one or two weeks (specific reference should be made to the overall market trend). It is very necessary to set a satisfactory take-profit order to secure profits or to take profits in batches to preserve the fruits of victory.

Being overly greedy will only lead to loss.