June 23rd Kunpeng Market Analysis: Don't Panic When It Drops Below 100,000! The Daily Adjustment Holds the Key to the Next Wave!

Yesterday, the market was filled with the clamor of "the bear market has arrived," with various excited analyses emerging, and some even shouted that the price of Ethereum would drop to the "1" range. In the face of this scene, some secretly rejoiced, while others were anxious and uneasy, yet my heart remained calm. Looking back, I once struggled to let go of the significant fluctuations in profits, but now I can view the ups and downs of account numbers with equanimity—I deeply know that on this path, whether in trading or growth, nothing can be achieved overnight. Understanding this principle is like stepping onto a higher platform, allowing one to face the market's storms with a more composed mindset.

In fact, at the beginning of the month, the teacher mentioned in the analysis that the market would show a "jumping up and down" trend due to news stimuli. If one only focuses on small-level cycles to look at the market, the significance of the trend will be blurred. As Longpeng said yesterday: "You will never earn money beyond your understanding"—this seemingly clichéd statement reveals the most naked reality of the market.

### Market Thought Analysis:

Yesterday, I shared the teacher's viewpoint in the group: even if Bitcoin breaks below the 100,000 four-hour fluctuation zone, from a daily level perspective, this is merely an adjustment of the upward wave from 74,000 to 110,000. Once the adjustment ends, opportunities still outweigh risks. Last night, the market dropped sharply, just reaching the 38.2% Fibonacci retracement level marked by the teacher before rebounding, and the rebound strength is currently acceptable. In the short term, attention should be paid to whether it can recover around 104,000—if the bulls can pull this level back and stabilize, the situation is expected to turn around quickly; if it fails to break through, the adjustment may continue, with support below at 97,000.

Every moment of suffering and tempering you experience now is the foundation for building cognitive height. The market will never disappoint those who truly understand accumulation and reflection.