The bears are aggressive; in the early morning, a single bearish candle dropped straight down from 105500, breaking the support level again by two thousand points, reaching a low of 103666, while the altcoin simultaneously fell by over 50 points. This indicates that the market's pullback momentum is still testing the bottom.
Currently, the four-hour K-line chart shows moving averages extending downwards, and the Bollinger Bands are exhibiting a downward trend. If the market does not recover above 105500 this evening, there is a risk of further declines; be aware of the short-term support level at 102000. If this is broken, the market may approach the strong support at 100000.
In the early morning, the short position on Yumi is ongoing.
Bitcoin looks to drop from 105000-105300 to 103500.
The altcoin is expected to drop from 2590-2610 to 2550.
