$BTC breaks through the 100,000 support level. It's surprising that such an important support level didn't even struggle a bit. We'll see if the daily line can close back above 100,000 by 8 AM tomorrow. If it can recover, there might still be some rebound power in the short term; otherwise, it’s very likely to test 96,800 and 93,450, so don’t expect much in the short term!
Although I predicted back in early May that we would start a second test around mid-June, it’s a bit disappointing that it didn't break the previous high and instead dropped straight down. However, if you’re planning for the long term, just buy more when it drops!
Still the same advice: once the market shows too much divergence, we should at least reserve two layers of positions for the worst-case scenario. I added to my position in the afternoon and got slightly stuck again, but I still have one layer left. If you firmly believe there will be a bull market ahead, then add to your position when prices are low; if you believe in a deep bear market, then it’s best to clear your positions and exit.
Most altcoins may not see a bull market, but I believe there are at least a few coins that can truly develop applications and stand out! Like DeFi, stablecoins, DEX, and CEX! If all of these go to zero, then the crypto space is truly finished. What’s the point of being in this circle anymore?
