#BTC☀
《Trend Changes — Current Market Analysis》
The market has struggled through the night without emerging from the pit of decline, and the overall altcoin market has seen various pullbacks alongside Ethereum's sluggishness, and this pullback has yet to stabilize.
The trend of Bitcoin seems to have failed to hold after breaking the resistance near 87300, beginning a stair-step pullback. Such trends often tend to dig down further; stronger support remains around 84500. If this level is lost, we will need to reduce our positions in advance to avoid risks.
The support around 1980 for Ethereum still exists; yesterday was the second test, and Ethereum cannot withstand such tests. If it cannot hold this position, the support will drop to around 1840.
The overall altcoin market is at relatively low levels and is also near support. To see a rebound, we need to pay attention to the trends of Bitcoin and Ethereum. If we break support, we will reduce our positions; if we hold support, we will increase our positions, acting in accordance with the trend.
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