Market Dump Harder to Harder

Assalamu Alaikum,
It's natural to feel a pang of anxiety when looking at the charts of the past few days. The market seems to be in a strong dump, with no coins, big or small, being spared. The screenshots of the charts below clearly show how prices are falling steeply, as if we are going through a "harder to harder" situation.

Our main cryptocurrency Bitcoin chart shows that it has broken down a key support level. Similarly, Ethereum has lost momentum and closed below its main moving average (MA) line. This indicates widespread sell-off pressure in the market, which has created fear among investors. The weakness of these major coins is dragging the entire market down.

BNB was on a strong move a few days ago. As can be seen in the BNBUSDT chart, it followed a large upward arrow and quickly moved up, but now its price is also rapidly moving down. This shows that even the bullish sentiment is not able to handle this strong selling pressure.

On the other hand, the STEEMUSDT chart paints a bleak picture of the current state of the market. The coin has been in a range for a long time, but now it has broken all supports and gone deeper, indicating that investor confidence in such small coins has drastically decreased.

There could be several reasons for such a sharp market dump, including massive profit taking, global economic stress, or simply panic selling by large investors. This is a very difficult time for new traders, and a test for experienced ones.

Remember, such fluctuations in the crypto market are not uncommon. But the current decline is quite deep, which is a warning sign. Now is the time to be patient and cautious. It would be wise to wait for the market's next moves without making any hasty decisions.

Only time will tell when the market will turn around. But for now, the situation really looks "more difficult than difficult."