Accurate warning fulfilled! Bitcoin callback as expected, these currency risk signals have been verified!
Yesterday afternoon, I decisively raised the warning in the article and video: Today's market trend perfectly verified this judgment. The price of Bitcoin really fell below 98,000 and quickly tested the first support level of 97,000, and led some high-risk altcoins to fall briefly during the intraday callback.
At present, Bitcoin fluctuates narrowly between 97,000 and 98,000 US dollars. The market sentiment is relatively cautious, and some funds are flowing to safe-haven assets. But it should be noted that the second support level of 93,000 US dollars mentioned yesterday has not been touched, and the depth of the market callback is still controllable, leaving room for the subsequent counterattack of the bulls.
Which currencies perform in accordance with the warning?
$PEPE and $1MBABYDOGE in the MEME sector: Although they briefly followed the Bitcoin callback yesterday, their high popularity and strong capital support still allowed them to gradually stabilize in the fluctuations and become "survivors" in the callback risk.
Some high-volatility small-cap tokens: Some newly launched or less liquid currencies have experienced a larger-than-expected pullback, confirming our suggestion of "needing to avoid high-risk assets".
Yesterday's accurate prediction was based on an in-depth analysis of the distribution of funds on mainstream CEXs and a reasonable deduction of Bitcoin's technical trends. We not only successfully predicted Bitcoin's pullback pressure, but also took the lead in pointing out that some altcoins may face liquidity problems in the short term, which is undoubtedly a good remedy for investors' risk control.
Outlook for the future:
The current trend of Bitcoin is still subject to market liquidation pressure, and the short-term support of $97,000 is crucial. If this key point can be held, bulls may have a chance to counterattack the $100,000 mark. But if it falls below support again, a deep test of $93,000 will become possible.
For spot holders, there is no need to worry too much, and you need to seize this adjustment period to optimize your positions. For short-term traders, it is recommended to pay attention to popular assets in mainstream currencies and MEME sectors, which are expected to lead the market again after sentiment is repaired.
Summary:
Yesterday's analysis and forecasts once again proved the importance of "rational decision-making driven by data". We will continue to use our expertise and insights to bring you more market guidance, allowing you to find direction in turmoil and discover opportunities in risks!