When the market corrects, the question everyone is concerned about is how far it will drop and where the bottom will be. At noon, I mentioned that Bitcoin's support is around 11,500, and Ethereum's support is around 4,220.

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The decline of Ethereum has caused altcoins to lower their heads again. Currently, there are no signs of stopping the decline. The support below is around 4220. If this position cannot effectively hold, a rebound is uncertain, and the 4000 level of Ethereum will face another test.

Bitcoin has also returned to the support around 115000. If this position cannot hold, it will further test the 112000 range. The hourly chart shows a very smooth decline, with no signs of stopping. The market still needs to consolidate.

Bitcoin's new high has retreated, while altcoins hit new lows. Ethereum has also retreated from its high to a new low. More friends still hold the idea that long-term holding of altcoins will lead to profit, but this pattern will only reduce one's principal. At least, this is the case in the current market. Now, should we consider reducing positions to stop losses and continue to observe whether Bitcoin and Ethereum's key support can hold?


#加密市场回调
#BTC走势分析
#ETH走势分析
#山寨季何时到来？