The overall structure of $PEPE is a right shoulder pullback of the W bottom, and it has currently reached the daily level support position.

The dilemma is that Bitcoin and Ethereum currently show no signs of stopping the decline and are looking for support at the 92k level below.

There are two trading strategies:

The more conservative approach is to patiently wait for Bitcoin to reach the 92k position, while Pepe is expected to bottom out around the 71 level.

The more aggressive approach is to try going long at this position; if it doesn't bounce back, immediately cut losses with a 5% stop loss.