Will this week be a precursor to a big drop?
Why panic? Just hold on! It's not even down to yesterday's low yet, and people are already talking about a crash. Stop creating panic.
The support level for Bitcoin's multiple rebounds has been around 101,500-102,000, and now we are looking at the support level of 103,669.
It is clear that there is significant capital supporting the bulls below, and they do not want the price to go below 100,000, leaving no opportunity to get on board. If it retraces to the range of 102,000 USD or 97,800 to 100,000 USD, it may provide a better opportunity for long positions.
Ethereum has pulled back to the 2580 range this morning, and the rise is also related to the positive news regarding stablecoin regulations. The current price is 2480, and many people are not optimistic about ETH; after tasting a bit of short selling success, they keep shorting. I believe ETH will max out at 2280.
There's no need to rush, okay? This week there will be many speeches from Federal Reserve officials. Everyone should patiently wait; the clouds will part, and the moon will shine. Future news strategies will be announced in our small circle first. Instead of blindly guessing, why not work together here?
