#加密市场回调
The last analysis mentioned that Bitcoin should use 95400 as a reference point. If it can't hold, it will continue to approach the 91200 line. Being patient is not a bad thing! The trend indeed reflected this, as it rebounded after touching 95400, but after a weak performance for a few moments, it continued to fall and broke through 95400, ultimately choosing to continue the retracement trend!
Ethereum has shown some strength in the short term, but it still needs to correct. Altcoins, especially those that were strong earlier, all underwent a pullback today. Overall, the area below 92000 is likely to be tested, where there are several significant support levels that are relatively dense: 91200, 91600, and 92000. The probability of a rebound after a drop is still quite high, making it a worthwhile entry point! Ethereum's upgrade is scheduled for the 7th, but unfortunately, there hasn't been much improvement. After the upgrade, it is expected to become even weaker, resulting in most altcoins synchronizing with its weakness, with only a few altcoins likely to show better performance. The difficulty of selecting coins will only increase in the future!
The market's focus will next shift to the interest rate decision at midnight on the 8th and the subsequent speech by Powell. Currently, the weakening of the June rate cut expectations will cast a thick shadow over the market's future trends. Recently, it's essential to be more patient, waiting for significant support levels or considering entering after a downward spike!
This wave was also about entering at a low and exiting at a high, perfectly timed as shown in the chart. The copy trading account also has delivery orders.
Binance spot copy trading account is welcome for everyone to follow.
Operational thoughts: Wait for Bitcoin to fall below 92000 USD and assess whether to participate in the short term.
