$BTC

This round of BTC correction

First looking at around 104,000

While altcoins may face a zeroing out

BTC hit near the resistance level of 106,700 yesterday but did not break through. Initially, I thought it would break 106,700 before coming down, but it didn't. So this time, the first point of correction is around 104,000. If there is further correction, the second round should reach around 102,000. Whether it stops falling near 104,000 or 102,000, I estimate it will eventually break through and hit the resistance level of 106,700. The specific situation will depend on actual developments.

However, I would like to remind you that if BTC experiences a significant drop, the situation for altcoins will be unbearable. Those dealing with altcoins should be careful; it will become common for altcoins to drop to zero, especially for the popular coins you think are safe. The more popular a coin, the more cautious you should be, because the more participants there are, the more potential losses there will be. If a major drop occurs, countless altcoins will go to zero, and incidents similar to the OM event will happen frequently. So everyone should be careful; I'm not being alarmist, but such events will become the norm in the near future.