Talk about the overall market

The morning's pullback was expected. The next few days are likely to see wide fluctuations.

The strong support for Bitcoin is 92,000, and the strong resistance is at 96,000.

Personally, I still suggest focusing on short positions; it will be very difficult to break through the resistance directly in the short term.

This morning, Bitcoin had a minimum pullback to 92,800, and Ethereum had a minimum pullback to 1,750.

Currently, the market is rebounding again.

It is estimated that Bitcoin will continue to consolidate around 94,000.

Ethereum will consolidate around 1,800.

It is worth noting whether the market can recover; the movement of altcoins is also particularly important.

Yesterday, altcoins pulled back first, and the overall market started to pull back in the morning.

So, for the current market rebound, we need to see if altcoins follow suit.

If they follow, it indicates that bullish sentiment and funds are present.

If they do not follow, it certainly means continuing to short.