【$btc】2025.4.24

①$btc is starting to adjust, which is normal. This adjustment will continue in the short term, so observe the extent of the adjustment and the trading volume, as this directly reflects the strength of selling pressure. Additionally, a significant bottom structure has emerged. If it can effectively break through 95000, then there is a high chance that the price will return to the high volatility range, which is a sign of a continuing bull market and creates opportunities for the altcoin market to strengthen. At this stage, the altcoin market is still correlated, and the market is still brewing. After $btc completes a phase of upward movement, the altcoin season may be expected.

②The adjustment that has occurred this time is direct and rapid; almost before you realize it, the adjustment has completed at least half of its course, emphasizing the word "fast." Now the question arises, will it draw a door? There is effective support below, 【90900-91400】. If today's adjustment sees the price effectively drop below 90900, while I don't believe it will completely draw it, at least two-thirds of the door will likely be drawn. Moreover, this is a troublesome matter, as it directly affects whether the price can sustain a rebound. At this effective support level, if there is a valid signal of a stop in decline, then one can attempt to establish a long position on the right side. If not, continue to observe or look for opportunities to short at higher prices.

③The main resistance above is approximately 【92900-93600】. If the price can effectively break through 93600, then it is likely to challenge 96000 or even higher prices. However, from the current trend, the possibility of continued adjustment seems to be greater.