The big drop came as expected!

Yesterday, when the market was rising, I posted that there would be a drop this week. The question is how to drop? : First rise and then fall? Or drop directly?

I wanted to post another post at 9 o'clock to remind the 10:30 opening of the US stock market and the decline of the cryptocurrency circle, but I was so involved in the phone call that I forgot the time.

I struggled for a while yesterday (as shown in the tweet below), and still closed 1/3 of the long position of the currency-based contract, and then opened a short position in the U-based contract to hedge. This wave of decline is not a loss, but overall the spot position is still larger, and it is a profit-taking. However, as long as the bull market continues, it is only a matter of time before it is earned back.

Now let's discuss the possibility of another question: How much will it fall this week?

1. Bitcoin's first target: Will it fall to around 94,000?

2. Bitcoin's second target: Will it break through $90,000?

3. Will the altcoin fall by 10-20%, or even 30% more?

Currently, there is a 70% chance of reaching the first target and a 30% chance of reaching the second target. The logic is as mentioned yesterday (Figure 1 below). Welcome to discuss!