In this round of correction, pay attention to the area around 104000.

Altcoins may face a "ten thousand coins to zero" situation.

Yesterday, BTC touched the resistance level of 106700 but did not break through. At first, I thought it could take this position before coming down, but it didn't happen. So for this wave of correction, let's first look at the area around 104000. If it doesn't stop falling there, the second round will likely head towards 102000. Whether it stops falling around 104000 or 102000, it feels like it ultimately has to break through the resistance level of 106700. However, we will have to wait and see the specific situation.

But I must remind you, if BTC really drops significantly, altcoins will be in trouble. Those playing with altcoins need to be cautious; after altcoins go to zero, it may become a norm. Especially for those popular coins, the more popular they are, the more dangerous they become. Because the more people involved, the more 'leeks' there are to cut. If it crashes, countless altcoins will suffer, similar events to OM will happen frequently afterwards. Everyone really needs to pay attention; I'm not trying to scare anyone, this kind of thing is likely to occur often in the future.

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