Bitcoin and Ethereum have recently fallen sharply, but don't be too quick to despair; there is still a chance for a rebound.
The key support for Bitcoin is around 112,000 (neckline position), where it has resisted pressure multiple times before. I plan to try my luck just above this level for a rebound, but I need to be cautious of a 'false breakdown' (it looks like it has broken down but actually hasn't). In January of this year, Bitcoin also experienced a double top, and it rebounded several times at the neckline before breaking down, so this time I won't be greedy; I'll be satisfied if I can catch a rebound or two.
If the worst happens, and Bitcoin breaks directly below 112,000 without recovering, it could drop down to 108,000 (this is the boundary between bull and bear markets), but the probability of a one-time breakdown is low; it usually oscillates back and forth a few times unless there is significant bad news (like Powell not lowering interest rates). Additionally, there is some minor support near 114,400, with some small funds placing orders here to try to catch a bottom; aggressive friends can give it a shot. Previously, we caught the bottom at 117,000 and it rose to 118,600 quite smoothly. The most stable support remains above 112,000 at the neckline.
For Ethereum, around 4,200 is the previous trading congestion area, which might have a rebound; the larger support is at the 4,000 mark. If you want to catch them, you can enter in batches (diversified layout). If you're looking for stability, just wait for the major support above 4,000 before taking action.
The big pie has broken the historical high, and ETH has reached a new high this year! I will make another layout internally this evening! I have already gone all in. There are still 15 spots available internally, sign up directly!!!
