Bitcoin:

Another MT news came out last night. I think no matter what happened to MT next, the future cannot become worse.

The low point formed the day before yesterday is a mid-term low point, the future move depends on the market maker, he can either pull up by 20% like before or let the price fall to form a “Double Bottom”.

I’d like to repeat my suggestion: firmly hold your coins for long term gains, new comers can build position part by part. Speculating in the short term is not recommended. During the last 20% spike, many people received a margin call.

Altcoins:

Altcoin index is 8.61, up 1.8%; Altcoin index 2 is 3.2, down 0.7%. Obviously, LTC dropped more than bitcoins, while others altcoins are still shrinking compared to BTC. Many altcoins just collapsed, such as 42coin. Do not touch altcoins, wait patiently.