Looking back at the market, in the past two days, Bitcoin has completely retraced from 99500 to 90700, a drop of 9000 points. The overall decline of Ethereum is synchronized, but this round of decline is not very significant. During the last live broadcast, I mentioned that the price people have in mind is 100000 dollars, which is very difficult to break through. It may oscillate around the high point of 99000-98000. Market retracement is a normal phenomenon; simply put, Bitcoin is unlikely to experience a direct waterfall market. Each level will see a high-frequency turnover rate. Ethereum also dropped and then quickly rebounded. The overall retracement of altcoins is not significant and remains within the range, indicating that the supplementary rally has not yet ended. Recently, the altcoin sector, especially Ethereum series, staking, and lending, has become a hotspot, while other altcoins are in a supplementary rally. The same point applies: lack of funds can only lead to rotation. Hold onto your chips, and at 9:10 PM, there will be a detailed analysis during the live broadcast.
Yesterday's BTC market retraced to the lowest point of 90700, and quickly rebounded to close near 93000. Currently, there isn't a better outlook for Bitcoin; it's in a range-bound oscillation, completely relying on Ethereum's supplementary rally as a clear signal for altcoin's upward movement. Throughout the day, pay attention to the support level near 90000, and the resistance level above at 95000, which serves as a four-hour resistance point. Stability at this position will allow Bitcoin to continue moving upward, indicating a high-point oscillation market.
Yesterday, ETH's lowest point touched around 3250, quickly rebounding after the fall, and the rebound trend is quite strong with solid bottom support. Those holding spot ETH should continue to hold and wait for a breakthrough in the supplementary rally. Throughout the day, continue to look for rebounds, paying attention to the support level in the range of 3300-3320, and the resistance level above at 3460-3500. If the four-hour stability is at 3400, it will gradually rebound upward.
