#ETH
《Collapse After Collapse——When Is the Bottom?》
A fine thread specifically targets delicate areas, and fate particularly chooses those who suffer. The market always collapses while everyone is in deep sleep. How many people wake up searching for their positions? When will this market peak, and where is the bottom?
The night before yesterday, it was mentioned that Bitcoin was performing strongly, but caution was needed as it continued to dip yesterday morning, finding support around 101000. Today, Bitcoin saw a slight rebound but still hasn't recovered above the critical level of 106000. In the early morning waterfall, Bitcoin has come to the support level near 101000. If it cannot hold and breaks below the 100000 mark, the lower support will drop to around 94000, which is undesirable.
The silence of the E family is deafening. Two days ago, it was mentioned that Ethereum needed to reclaim the critical level of 2450, but the highest point in the last two days was 2448.8, just a hair's breadth away. Ethereum has collapsed again, and support has dropped to around the 2200 level. If it cannot effectively bounce back, the 2000 mark will face a test.
In the middle of this month, when there is no war, the trend of Ethereum could reach 3000. However, as support breaks repeatedly, it has formed a bearish trend, and recovery will take considerable time. The market is tough; everyone should manage their own assets and control their actions, waiting for the right moment to make a move.
