Waking up to find BTC has already broken through 107,000, and ETH has simultaneously broken through 2,690. Looking back at the K-line, there are no signs of resistance over there, and SOL has dropped to who knows where. The current market is so difficult to navigate, with V-shaped reversals flooding both large and small scales, catching people off guard.

From a broader perspective, there are two important supports before the big crash of BTC: one around 104,800 and another around 102,500. Currently, the Vegas tunnel's 1-hour EMA of 676 and the 4-hour EMA of 169 overlap near 105,200, which resonates with the larger support level and could potentially be a reversal point for stopping the decline.

However, the current trend is clearly a bearish trend (having fallen back below the downward trend line and breaking through 107,000). Therefore, the risks of going long are high, and the expected returns are not great. So, either don’t take long positions on the left side or try lightly with a small position.

Currently, both ETH and SOL have reached large-scale support levels. Whether they can stop the downward trend here can be observed by watching another 4-hour candlestick.