"The cryptocurrency market changes rapidly; understanding the charts is key! When the K-line shakes, the account either gains or loses!"

Plain language analysis:

Brothers, today’s ALT/USDT movement has my blood pressure up! It was still hovering around 0.0345 in the morning, and then it plunged to 0.0337 in the afternoon. This operation truly makes one anxious!

Why the plunge?

The overall environment is not good: Bitcoin (BTC) has already dropped by 1%. If the big brother is scared, the little brother ALT will definitely suffer.

Technical breakdown: The middle Bollinger Band (0.03398) has been broken, indicating a weakening short-term trend. If the MACD green bars are plunging down, that’s a definite bearish signal.

Poor liquidity: Look at the buy orders; there aren't many people picking up around 0.03377. A slight sell-off and the price crashes, a typical 'thin as paper' support.

Case Study:

Yesterday, DEGO/USDT was also in this state, dropping by 1.4%, and SPK/USDT was worse, down by 1.5%. Small coins are like this; they rise sharply but fall even more fiercely—it's all about the thrill!

Da Sheng's Emotion:

To be honest, this kind of market annoys me the most—staring at the screen until my eyes hurt, itching to buy the dip but afraid of getting in halfway. But that's how the cryptocurrency market is; opportunities and risks coexist. You either act decisively or endure!

Da Sheng's Viewpoint:

In the short term, the support level for ALT is at the lower Bollinger Band 0.03276. If it holds, there may be a rebound from overselling; if it doesn't hold, we need to look at 0.032 or even lower. For those looking to buy the dip, it is recommended to wait for a MACD golden cross or for Bitcoin to stabilize before acting. Don't rush to take a loss!

"The market has tormented me thousands of times, yet I treat the market like my first love! Want to seize the next wave of explosive growth opportunities? Follow me, and I will help you unveil the tricks behind the K-lines!" $ALT #加密市场反弹

I am Da Sheng, trust the institutions, take a walk in paradise; trust Da Sheng, let your wealth roll in the grave. If you want to know the latest news or consult about effective breakout points, feel free to follow me. Da Sheng will guide you on board without getting lost! If I can't do it, feel free to wake me up in the comments!