Bitcoin broke below the support level of 115,000 yesterday, and the market is also holding at the frontline. After breaking below, it quickly recovered, preventing everyone from reducing their positions too early. A few days ago, I provided an analysis of the overall market trend, and a pullback is certainly a good thing. If Bitcoin rises directly to 125,000 and pushes to 130,000, everyone should definitely reduce most of their positions; this viewpoint still holds.
Ethereum also informs everyone that 3,800 will not be the top of this round of market. After taking stock of leverage, it sets sail again. 3,720 is the support we mentioned a few days ago, and it has now become resistance. It is oscillating at this position, with resistance above around 3,830, which is also a recent high point and the last barrier for Ethereum to break through 4,000.
If Bitcoin can recover above 118,000, the bulls will gain the upper hand, which is also where the resistance lies. The support near 115,000 has been broken. After Bitcoin goes up this time, a correction of 10,000 points may occur, as the saying goes, 'no break, no stand.' Bitcoin has not experienced a waterfall for a long time.
There is no need to move the hidden altcoins; the only thing to do is to manage your positions well. This pullback allows everyone to add to their positions. Many friends have stated they are fully invested and cannot buy low-priced chips, which will lead to a disruption in rhythm. This is not advisable. Trading is also counterintuitive. I hope everyone can control their hands, calm their restless hearts, be their own masters, and trade with a peaceful mind. This will definitely lead to better results.