#WIF
《Trend Change — Wif Price Update》
The decline in the U.S. stock market has caused a collapse in the cryptocurrency market. At 8:30, the unemployment benefits news caused a slight uptick, but by 9:30, the U.S. stock market opened and began a continuous decline. This drop caused Bitcoin to break through both the hourly and 4-hour support levels. Currently, there is still an upward trend near 102100, and this position is the last line of defense. If this level is broken, strong support for Bitcoin will drop to around 97600.
Looking at Ethereum, the support around 2580 has already been broken, and it has dipped down to the support level near 2550. From the 4-hour pattern, it is about to close the gap, and the probability of another downward test continues to increase. It's crucial for Ethereum to stabilize above 2570 by 8 AM tomorrow; this is the daily support. As long as it holds above this level, the daily pattern remains an accumulation pattern.
WIF has advised everyone to add positions around 0.84, reduce positions near 1.04, and wait for the opportunity to add positions again. Now that there has been a considerable correction, the position for adding can be set around 0.77, especially with the non-farm payroll report expected tomorrow night, which could cause a spike.
For other ambushed coins, key support levels have been mentioned, and once these are broken, it is important to reduce positions without hesitation. Protecting more of the principal will provide more opportunities.