After the major correction, capital flow gradually starts!
Some altcoins begin to become active.
In the last few hours, the price of the major coin first dropped to 93327, then quickly rebounded, peaking at around 97700.
This wave of increase is strong, directly pushing the price from the middle range to the high range.
However, after breaking the high point, the price is about to fall back, indicating that the bears are starting to gain strength.
It should be noted that if the price cannot stabilize above 97000 in the future, it may further decline.
The good news is that the rebound from evening to early morning has expanded the price fluctuation range, and currently, a short-term support has formed near 94600.
Although there is currently some digestion pressure, the downward momentum has gradually been cut off, and the support level is slowly moving up. After the adjustment ends, there is a possibility of a gradual upward breakthrough in price.
Focus on the resistance levels above at 9.78 and 9.85.
Pay close attention to the support level below near 9.46.
The market is currently in a high-level consolidation phase, and it is recommended to implement countermeasures in advance.
$BTC
$WLD
