#大盘走势
Leading the community to escape the peak again, Binance posts have repeatedly issued high point alerts, reducing positions to lock in significant profits and avoiding over 30% drawdown, as shown in the figure, the copy trading account has verifiable real transactions.
Yesterday, Bitcoin officially confirmed it broke below the rising channel, entering the pullback phase we mentioned would appear. Recently, I have been helping community members repeatedly make trades based on the consideration that Bitcoin is entering the end phase of the market, leading to increased risks. The analysis article also clearly pointed out that recent operations should primarily focus on quick in-and-out trades, and so far, each wave has been very accurate! As the market stands now, Bitcoin and Ethereum have not dropped much, but altcoins have suffered greatly, experiencing a comprehensive collapse. Some have lost nearly all the gains from Bitcoin's rise from 74,500, and the speed of decline is frightening! The reasons are twofold: first, altcoins had accumulated significant profits; second, with Bitcoin breaking support, capital in altcoins started to exit and observe, resulting in rapid and intense selling pressure!
Currently, it is highly likely that Bitcoin has ended this wave of upward movement that began from 74,500 and will continue to retest the bottom! There is some support around 103,000, but it's too shallow and limited in strength; it should only be a continuation of the downtrend. We will first observe the support situation near 100,000 to decide whether to enter for a rebound. The more certain opportunity will be in the range of 93,000 to 95,000; moving closer to this range will be a very good entry point!
Ethereum's trend is slightly stronger, but if Bitcoin drops, especially during the initial wave of decline, it generally cannot be resisted. In terms of pattern, the daily top divergence has been confirmed, and the major opportunity lies at 2,330. To capture more from altcoins, we still need to keep an eye on Ethereum, hoping it can sync up with Bitcoin; that way, the safety factor will greatly increase! Recent strategies have shifted to caution, and the market will have some fluctuations. We will focus on observing more and acting less, patiently waiting for significant entry opportunities!
