The old story of Bitcoin prices stagnating while positions quietly evaporate has come again...

The market is currently experiencing an adjustment cycle from April 9 to May 22 at the same level. The daily technical support remains firmly in the range of $100,000 to $102,000.

Although Bitcoin can still hold above the $100,000 mark, altcoins are dismal and nearly all have been wiped out. Only a few like Pepe, SUI, and HYPE can barely hold on.

Overall, the hope for a short-term rise is bleak, and there may be deeper declines hidden below the bottom.

Stabilizing Bitcoin spot and calmly lying flat to observe is the way to go~