The large coin $BTC fell yesterday as anticipated, closing with a bearish daily candle, indicating significant selling pressure. It did not hold the 118000 level, closing at 117380, and today continues to look bearish.
After closing, the large coin's rebound was weak, and the upper support level needs to hold above 118166 and 117810 for a bullish outlook.
The lower support levels are around 115001 and 113768.
Altcoins are still in a phase of catching up, with various cryptocurrencies rising at different rates. The large coin has reached new highs three times, and altcoins are following suit with this new high as a natural progression.
If the large coin continues to decline, altcoins will complete their rally and distribution, triggering a mode that follows the fluctuations of the large coin, returning to previous patterns.
Respect the market, sell when the crowd is loud!