Bitcoin experienced a pullback yesterday, and Ethereum also saw a corresponding decline. Altcoins are struggling and declining rapidly.

From the four-hour level, Bitcoin has been in a continuous four-hour downtrend, approaching the 💲106000 line, which is the first level of support for Bitcoin on the four-hour chart.

The second strong support for Bitcoin on the four-hour level is in the range of 💲102000—💲100000.

The first strong support for Bitcoin on the daily level is at the 💲100000 line, and the second strong support is at 💲96000. As long as Bitcoin does not strongly break through the 💲96000 line on the daily level, it remains in a strong consolidation phase.

I have previously emphasized that a surge in Bitcoin is not a good thing because once Bitcoin surges, it will definitely lead to a pullback. Currently, large institutional capital, besides buying Bitcoin and Ethereum, is unlikely to invest in altcoins.

Once Bitcoin surges, it means the market is crazily extracting value, and only very few altcoin sectors will see rotation.

Only when Bitcoin continues to consolidate sideways at a high level, followed closely by Ethereum, will there be a possibility for rotation among altcoin sectors.

Ethereum has consistently failed to strongly break and stabilize above the 💲2800 bull-bear boundary. I have repeatedly emphasized that there are too many trapped positions at high levels for Ethereum, making it difficult to rise in the short term. Personally, I don't have much favor for Ethereum; at most, I will take a short position, make some profit, and exit.

For Ethereum on the daily level, pay attention to the first support at 💲2300 below, and closely monitor the second support at 💲2200 below.

WLD closed with a large bearish candle on the daily level yesterday, but I personally believe that WLD's market value ranks 30th, and WLD is also a leader in AI technology.

This wave of decline is a broad shakeout by institutional traders, continuously completing market turnover while absorbing a lot of chips at low levels.

I personally believe that the bullish pullback trend for WLD will not end so quickly; as long as WLD finishes its adjustment and repair, I am optimistic that WLD will continue to push higher.