一缕曙光-老K
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Bearish
With the daily trends of BTC and ETH, I want to know what reasons there are not to drop?
The daily chart of BTC has such a large gap that hasn't been filled, coupled with the fact that it is currently in a high position and a downward trend, it has already been clearly presented. Based on the current market situation, as long as it breaks below the 100,000 mark, it will quickly return to the 92,000-96,000 range. So, for BTC to drop to this level, wouldn’t it just trigger selling pressure in the overall weak market? How long can the overall market hold out? ETH is currently relatively strong, but after such a long period of fluctuation, even if the outlook is optimistic later, without a deep correction, the subsequent space won’t be very large. Therefore, I firmly see the range of 2,000-2,200. As for altcoins, there’s no need to elaborate too much; currently, the overall movement of altcoins is in a downward state without gathering volume. Even if there is a rebound, it’s just a few that are supported, and overall it won’t rise. So waiting right now is certainly worthwhile; don’t let some words in the market affect your inner peace, leading to frequent operations that ultimately yield no results and leave you mired in difficulties. Be cautious not to change your direction a hundred times a day; stick to your beliefs as if the bottom is continuously replenishing your confidence every day. Right now, just don’t move recklessly; waiting is sufficient.
The daily chart of BTC has such a large gap that hasn't been filled, coupled with the fact that it is currently in a high position and a downward trend, it has already been clearly presented. Based on the current market situation, as long as it breaks below the 100,000 mark, it will quickly return to the 92,000-96,000 range. So, for BTC to drop to this level, wouldn’t it just trigger selling pressure in the overall weak market? How long can the overall market hold out? ETH is currently relatively strong, but after such a long period of fluctuation, even if the outlook is optimistic later, without a deep correction, the subsequent space won’t be very large. Therefore, I firmly see the range of 2,000-2,200. As for altcoins, there’s no need to elaborate too much; currently, the overall movement of altcoins is in a downward state without gathering volume. Even if there is a rebound, it’s just a few that are supported, and overall it won’t rise. So waiting right now is certainly worthwhile; don’t let some words in the market affect your inner peace, leading to frequent operations that ultimately yield no results and leave you mired in difficulties. Be cautious not to change your direction a hundred times a day; stick to your beliefs as if the bottom is continuously replenishing your confidence every day. Right now, just don’t move recklessly; waiting is sufficient.
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