After being traded a lot at low price and forming a compact area, bitcoin is breaking low with no volume. From the short-term chart, it seems it will dive again, maybe down to 2500, maybe 2200 , the decline will not stop until big funds come in to buy.

Do not try to go short . We all know the " tragedy of the commons " and "Prisoner dilemma", if everyone sells all together, the result would be terrible.

The correct choice is to get ready to buy more, start buying at 2000RMB.

Bear market is like a quagmire, the more you struggle, the deeper you will get into. The correct choice is to wait for someone to pull you out. We know that at least 100 times more people will come into this market.

Altcoins continued to plunge dramatically due to the bleeding of bitcoin.

Altcoin index 1 is 8.89 , down 2.3% , altcoin index 2 is 3.04 , down 4.2% , mainly due to the dive of Auroracoin. Altcoin index 1 remained around 9 , Altcoin index 2 around 3. This is a base for the future. I estimate that altcoin index 1 and 2 can reach 20 in the future.