Okay, I know many of you think that the market might be going to new lows, and alts are prolly gonna lose half their value and more, while most of us are heavily invested at this point.

So here's the macro state of the market in my opinion: it took a massive black swan event like FTX to bring BTC below 20k, while most people understimate that event, we know nothing of the implications it had as beginners, the more I dig in it, I find that it was such a horrible case of fraud that shaked the sentiment like never before and ruined the liquidity of the market for more than two months (even worse than LUNA), but let's not go into details. Whales saw the great opportunity and snatched all the BTC they can at 16k. That's why we saw that glorious pump to 30k. So now after Saylor went fully degen again, did you really think we'll shoot straight up again. No, it was too obvious, markets aren't in a healthy state for that. So a correction to 26k was actually the best thing to happen.

One more crucial thing, the narrative that BTC developed with the Banking crisis, although IMHO it's misinterpreted by many, has made the bullish case for BTC much stronger.

So all in all, I'm not afraid at all personally, I stacked BTC between 16k-20k and have been buying alts like DOT and some small caps like CELR and GLMR aggressively, because I know whats coming. If Alts go further down, I ll buy even more. For god's sake I've been a sitting in stables since January 2022 till December 2022 (Except for a few scalps) exactly to accumulate at these absurdly low levels, I might sell a few tops here and there to buy lower and bring down my average, but I'm not cashing out anytime soon. **Keep in mind I'm investing a cap in alts I'm totally ready to lose. But in the case that BTC goes below 17k I'll reconsider my whole plan, to protect my capital.

So don't be fooled by this recent price action, do what you have to do to protect your capital but don't get shaken out at levels where people make real gains. Always expect the unexpected.

Be optimistic guys, Crypto is here to stay, do your research, make a plan according to your situation, but stick around and don't lose hope. This is the stage where people lose hope, not in the deep bear, because here people get tempted by cashing out at minimal loss or gain and sit the crabbing out.

This is my very biased personal opinion and analysis of sentiment and market state, I included my personal olams to put things in context.

FINANCIAL ADVICE THIS IS NOT

stay away from leverage*