# Afternoon market data notes

After yesterday's wave of selling, today has taken a slight breath, but to be honest, the rebound is quite weak. Bitcoin dropped to a low of around 83800 and is now hovering near 86900; the altcoin is even worse, barely standing above 2800 after hitting a bottom of 2715. It will continue to grind sideways today, as neither side dares to make the first move.

The situation with a few positions in hand: the expectation for a new coin on a certain platform has cooled again, currently hovering around 0.11, just at the breakeven point, planning to hold on a bit longer; another small coin is slightly stuck, but fortunately, I took profits in time during the previous wave. In this kind of market, it's not about any patterns; securing profits is the most important.

Recently, I haven't been trading much, basically avoiding altcoins, and only made some profits with a few long positions in Ethereum. Although the last trade had a bit of a pullback, it’s not a big deal. The market is indeed cold right now. Instead of staring at market data all day and getting restless, it's better to focus on doing other things. When there’s no market action, remember these four words: **watch more, act less**.

The most important thing now is to quietly wait for new tracks, new hotspots, or leading coins to emerge. The strategy of "laying low" is not suitable for the current situation. Instead of searching everywhere for targets, it is more crucial to figure out how to cope with this exhausting market—surviving is more important than anything else.