The market is still in a pullback, and the bottom has not been clearly established yet, so don’t rush to catch the bottom. What we need to do now is to patiently wait and look for opportunities to take action!
After the major cryptocurrency broke below the key level of 102000, it has clearly weakened, and the altcoin is also bouncing around. The daily chart has seen consecutive bearish candles, with the upper resistance levels at 103500 for the major cryptocurrency and 2530 for the altcoin. The major cryptocurrency can’t even hold the 7-day moving average at 103000, and it’s likely to test the 100000 or even the 90000 level downward next. Although the altcoin surged previously, it is also due for a pullback now; in the short term, it may rebound and consolidate, but the 2500 level poses significant resistance, and if it can't push through, it will need to drop further.
In terms of operations, here’s the plan: if the major cryptocurrency rebounds in the 102700-103200 range, go short, targeting around 101000; for the altcoin, you can also short around 2465-2480, aiming for around 2400. However, I must remind you that the market can change rapidly; keep a close eye on these levels and adjust as necessary, don’t stubbornly hold on.
In this market, it’s better to miss out than to make a mistake, so be cautious! Ultimately, focus on real-time conditions!
