Altcoins have plummeted again, this time the drop is particularly severe, but the overall trend is still the strategy we've mentioned before, just more intense than expected.

Let's look at it from another perspective:

Before May, the market was in a rhythm of "decline - rebound - continue to decline", dominated by bears. Many people couldn't withstand the losses and sold out, while others chased the rebound and ended up buying at the peak and getting trapped.

On May 29th, the market suddenly surged, coupled with external positive news, many people thought a bull market had arrived, and confidently rushed in to increase their positions, only to be crushed again. This is a typical case of 'pump and dump'.

We had previously warned that once the majority of the market starts confidently increasing their positions, the main players might turn around and short. Bitcoin is the same; after rising to a critical level, many people thought it would break through, rushed in to buy, and got 'stabbed' down.

Where might the bulls truly admit defeat?

We judge that it may be when the BTC price falls below 100,000; only then will market sentiment truly collapse. But because this level is too critical, the main players won't easily break through it all at once. If it does quickly drop below, it might actually be a good thing, possibly indicating a washout, and the subsequent rebound could be stronger.

If the market slowly grinds upwards, it might at most rebound to around 109,500, and that would be the time to 'run away', not a chance to chase highs.

If the market really drops to around 97,000, then after a few days of sideways movement, if it rises, that would indicate a 'washout of floating chips before a breakthrough', making it more likely to truly break through the resistance at 109,500.

Currently, ETH is rebounding and just hitting a previous key platform level (where 'support has turned into resistance'). This level is tough to surpass, and in the short term, it's advisable to reduce positions here. However, if you are a long-term holder, there's no need to be too anxious. Even if it really drops back to around 2200, it would be considered an 'extreme correction', which isn't a big problem. Moreover, since we've already gone through half of the adjustment space, as long as the rhythm doesn't get disrupted, it may stabilize quickly.

In the later stages, Dreamke will continue to focus on quality altcoins, patiently waiting at key points, each operation is like stalking prey, and when the time is right, decisively strike and easily reap the rewards!