$ETH needs to drop to around 2000 to consider? $SOL moves with $BTC! Altcoins are crashing across the board, only grab these two opportunities before the main rally
I warned earlier that if the war situation continues to deteriorate, the previous $100,000 support level for Bitcoin will definitely break, and it may likely drop another 5%. Combined with the chain reactions from liquidation due to contract positions, the range between $95,000 and $100,000 will likely become the bottom area. Now, looking at other indicators, the bottom is more likely to be between $96,000 and $98,000. Today's slight rebound doesn't count as a reversal; BTC's current trading volume isn't even a bottom signal, so don't be fooled by short-term fluctuations.
The weekly trend of Bitcoin is very similar to that in November 2021, where it also formed a rounded top after a divergence. However, this time it won't directly collapse into a bear market. I clearly state—this is the last chance to bottom fish for a rebound; if you miss this wave, it's gone! As for how high it can rise, we’ll have to see as we go, but the end of the third quarter will likely welcome the final wave of increase, and I still maintain that the top will reach $150,000, unchanged.
If ETH can drop to around $2000, it can be considered for bottom fishing, but currently, the trend is too weak, with declines far exceeding expectations. SOL can move in sync with BTC around $110, mainly looking at the correlation effect.
Altcoin Warning:
Now altcoins are crashing across the board, dropping to the point where they're unrecognizable, and in this situation, thinking about bottom fishing altcoins?! Being able to catch the rebound of mainstream coins is already good enough; do not touch altcoins randomly, as the risk of losing everything is extremely high.
The current market risk is extremely high; I’ve locked BTC’s bottom range at $96,000-$98,000. The end of the third quarter may welcome the last wave of a surge, but fluctuations in between will be very intense. ETH and SOL have opportunities but need to be cautious; altcoins are strictly off-limits. Don’t be misled by short-term rebounds, control your positions well, as this wave of speculative rebound is the last opportunity this year, and the outcome lies in this.
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