$BTC After waking up, BTC has already broken through 107000, and ETH has also broken through 2690. Moreover, looking back at the K-line, there are no signs of resistance there at all, and SOL has fallen to who knows where. The recent market is just this hard to navigate, with V-shaped reversals filling both small and large timeframes, catching people off guard.

From a broader perspective, there are two important support levels before the major crash of BTC: one around 104800 and the other around 102500. Currently, the Vegas tunnel's 1-hour EMA 676 and 4-hour EMA 169 coincide around 105200, which resonates with the larger support level and could potentially be a reversal point.

However, the current trend is clearly bearish (having fallen back below the descending trend line and breaking 107000), so the risks of going long are high, and the expected returns are not great. Therefore, either don't take left-side long positions or try a light position to test the waters.

Currently, ETH and SOL have both reached significant support levels. Whether they can stop the downward trend here can be determined by observing one more 4-hour candle.