Brothers in the crypto world, isn’t the recent market of this big cake making everyone dizzy? This trend is simply like riding an "N-shaped roller coaster", it’s thrilling! A few days ago, the bulls were celebrating like it was New Year’s, charging ahead, but before long, they were ruthlessly pressed down by the bears, truly a case of "strong as a tiger when rising, timid as a mouse when falling", it’s really distressing.
Let's take a look at this 1-hour K-line chart, the trend is like watching a movie. From 3 PM yesterday to 1 AM, it made a super standard "N" shaped rise, the bulls were so aggressive at that time, clearing all obstacles, leaving the bears lost. I estimate many bears were hiding in corners crying. But who would have thought, after 2 AM, the plot took a big turn, the price plummeted like riding a slide, as if suddenly pulled by a mysterious force, gravity seemingly doubled.
Now this key level of 110370 is like a hurdle that is hard to cross, it just can’t break through. And the resistance level of 112100 is even more like a giant ceiling, pressing down on the big cake, making it hard to breathe, severely restricting its upward movement. The support level of 108370 has become the last straw, the defensive line we hold. If this 108370 is broken, the situation may not be good, and it is likely to continue to drop down, starting a bottom-seeking journey; but if it can stand up firmly and counter-attack above 110370, there might still be a glimmer of hope, and we can save this market.
The volatility of this big cake is just like playing "bungee jumping in the crypto world", going up and down, it’s too crazy. If it breaks below the support level of 108370, it is very likely to trigger a "chain liquidation wave". Just think, once liquidation occurs, it’s a domino effect, one after another, and at that time, altcoins will also have to collectively dive, dragging the entire crypto market down. In the short term, this is definitely bad news. On the other hand, if it can rebound and break through 112100, it could get lively, possibly activating expectations for the "altcoin season", attracting a wave of capital back, and the market will become lively again. However, everyone must be wary of the risk of "main force inducing more". This "N-shaped" trend can often be a tool for the big players to create a trap; be careful not to be misled and end up as a pawn for others.
Old Yi, after so many years of struggling in the crypto world, has also summarized some experiences. I think, in the short term, although the market is a bit sluggish, we can be bearish, but don’t be overly pessimistic. This crypto world is like the sea, with ups and downs being quite normal, and a temporary low does not signify anything. In the long run, I still remain bullish, but we cannot be blindly optimistic. After all, in this crypto space, risks and opportunities coexist, and one can easily flip over if not careful.
Now BTH is at the "technical breaking edge", and the situation is a bit delicate. I give a suggestion to retail friends: it’s best to "hold lightly and observe, and heavily wait for signals". If it unfortunately breaks below 108370, don’t hesitate, decisively stop loss, preserving the principal is the king's way, as long as the green mountains remain, one need not fear a lack of firewood. If it can stabilize above 110370, then you can take a small position to bet on a rebound and make a little money. Everyone must remember, making money in the crypto world relies not on the reckless behavior of chasing highs and killing lows, but on waiting for the trend to become clear before steadily getting on board, so as to protect one's wealth in the turbulent crypto world, and even achieve financial freedom.$BTC #现货黄金创历史新高 
