It's so painful! Sister Bei has set her sights high this time, always thinking about a new high for Bitcoin, hoping for another wave of recovery for the altcoins. Those who didn't sell are now trapped, and the positions bought later are also stuck. 😂

What's tough right now is that there's been no sign of a volume surge to stop the decline, and no long lower shadows appeared to support it, so the probability of further declines is still very high. I estimate that we need to see if it can stop the drop and rebound around 101500 to 102000 points.

Although Sister Bei's real account hasn't sold, some other accounts have sold a bit. I also warned about the risk of a decline yesterday and advised everyone not to try to catch the falling knife. Bitcoin remains in a downtrend until it returns to 106500.

Ethereum's false breakout and drop back is actually the best selling point; Sister Bei was still a bit careless, thinking that the probability of sideways movement was greater.

We need to observe whether a valid stop to the drop occurs. In left-side trading, at least a long lower shadow with volume has to appear in the 1-hour and 4-hour charts to confirm this; otherwise, I wouldn't dare to buy in. The following operations should focus on reducing positions at highs.

Both the 1-hour and 4-hour RSI are oversold, and a rebound could come at any time, so let's be patient and wait. Don't sell at a loss; it's fine to be stuck for a while. Long-term still looks stable.