This is somewhat confusing to me, the current situation is this: Although BTC rose from 60,000 to nearly 110,000 and then pulled back to 90,000, which is still within a normal range, my concern is that BTC is still at a high level, while alts have dropped significantly. If BTC fails to stabilize and continues to pull back to the range of 90,000 to 93,000, the situation for alts may become even worse.

However, we should also pay attention to the principle of not chasing after the poor. Coins like ETH have dropped significantly, and there may be a chance for a rebound, such as a rebound to around 3600. Therefore, if your leverage is too high, you can appropriately reduce the leverage during the rebound to prevent risks. If you have extra cash on hand, you can also consider buying, after all, it has dropped so much, there should be a chance for a rebound, and then reselect the direction.

From the current situation, BTC has strong support at 90,000, and ETH also has support at the key level of 3,000. Everyone should pay attention to their leverage situation. Although Powell's market crash caught everyone by surprise, I believe that there may be a wave of market trends when Trump takes office on January 20th. Therefore, I consider this pullback as a necessary consolidation before the rise again, and I will hold it until January 20th and take a gamble. There are still 30 days until January 20th, and the market has enough time to consolidate and recover.