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Broke 100,000, let's see if it can stabilize in a sideways trend. There will be a wave of rebound for altcoins, but for altcoins, it's still important to take profits in a timely manner.
Break through 98000 and see if we can hold it; the remaining pressure level is between 99600 and 100000. If we reach here, we might see a double top pattern.
However, this large-scale rebound can only be seen in BTC and a few altcoins.
As for the altcoin season, forget it; it's impossible now.
BTC is already at 76,000, is 80,000 far off? This is driven by real money, waiting for capital to overflow, flowing from BTC to other mainstream coins. Once the mainstream has finished, it will be the turn of altcoins. Be patient and it will all come.
With the development of the market, the liquidity of the counterfeit has further withdrawn. The withdrawn funds will not disappear; the question is, where will they be withdrawn to? meme coins? Or Bitcoin? Or contracts?
I heard you say that the bull has left again, I'm here to recharge everyone's faith. Look at the weekly chart, the bull is still there, we need to patiently wait.
BTC has a big difference at this position. On one hand, there is a continuous pressure position, and on the other hand, there is a strong rise in the market, a bulldozer-like pull. The probability of shorts dying at this point is very high.
This week, Dogecoin also rose by 35% under Musk's orders, and the #meme板块关注热点 meme drove the market sentiment.