Last week, we talked about $BTC . If the war situation remains tense, the previously mentioned support level of 100,000 is likely to hold. There’s a high probability that it will fall another 5%.
Adding factors like contract liquidation and forced selling, the range between 95,000 and 100,000 is likely to be the bottom.
Today, looking at the indicators, a more precise bottom might be between 96,000 and 98,000.
This rebound does not change the overall trend; the trading volume of BTC simply cannot prove that it has bottomed out.
From the weekly chart, Bitcoin's trend resembles the circular double top that diverged in November 2021, but it hasn't directly collapsed into a bear market yet.
I think this is the last chance to bottom fish for a rebound; we’ll see how high it can go. The final wave of price increase might not occur until the end of the third quarter, with the peak area still considered around 150,000 as previously mentioned.
If ETH can drop to around 2,000, it might be worth considering to bottom fish, but right now it’s too weak, and the drop has been significant.
SOL can also be operated around 110, mainly depending on its correlation with mainstream coins.
Currently, altcoins are basically unwatchable; they have dropped significantly. Catching the rebound of mainstream coins would be good enough; don’t buy altcoins casually.
The market is ever-changing, and opportunities are fleeting.
If you are still groping around in confusion, unsure how to seize buying and selling opportunities, you might as well follow @亮哥论区块 for irregular updates on the latest market hotspots, in-depth strategic analysis, and those easily overlooked potential sectors.
Next, continue to layout the winning orders; opportunities wait for no one!
