Before the market experienced a significant fall, I timely adjusted my investment portfolio and sold off my small market capitalization encryption currencies. My investment strategy still primarily references the trend of Bit. Yesterday, Bit failed to break through the upper resistance, which increased the overall market's downtrend possibility. It is worth noting that when Bit falls by 1%, some small market capitalization encryption currencies may experience a drop of 10% or even greater, especially those currencies that have historically been more volatile. Therefore, in the current market environment, effective risk management is crucial.

Currently, we are in a trading range with higher difficulty. In this situation, investors may consider adopting a small trading strategy, focusing on seizing opportunities brought by short-term market fluctuations. At the same time, closely monitor the trend of Bitcoin, as it often guides the direction of the entire encryption market.

For investors interested in the cryptocurrency market, this is a great opportunity to learn and hone trading skills. By observing market trends and analyzing the correlations between different cryptocurrencies, one can gradually improve their market judgment abilities. However, always remember that the high volatility of the cryptocurrency market signifies high risk, so one should act cautiously and conduct thorough risk assessment and management before making any investment decisions.