#BTC☀
《Oversold Trend — Current Market Analysis》
The market repair has been full of twists and turns, constantly testing people's patience. Last night at 8 PM and 9 PM, there were signs of a rebound in Bitcoin, accompanied by the Federal Reserve's subtle adjustments to monetary policy at 3 AM, triggering a new round of decline. Until 5 AM, good news came in as US stocks closed up and the war stopped.
Bitcoin has now entered an oversold trend, but there is a gap around 89500 that is holding back its rebound. This is also one of the reasons why Bitcoin has been suppressed several times just as it showed signs of turning upward. We also need to be prepared for another decline in Bitcoin.
Ether has begun to have some of its own ideas, performing better than Bitcoin. Looking at the hourly chart, it seems to have sounded the horn for a rebound. This is also why some altcoins did not follow Bitcoin's decline. There is resistance around 3380, and if it breaks through and stabilizes, it will challenge the significant 3500 mark again.
Speaking of altcoins, before this round of adjustment, we allocated some funds into fan tokens. In just one night, we gained over 10% returns, which not only allowed some funds to avoid this round of adjustment but also provided more cheap chips acquired at relatively low positions yesterday.
This round of adjustment seems to be nearing its end, but market repair requires time. Just pay attention to Bitcoin's spikes that may disrupt the market. Reasonably control your position, as any pullback is an opportunity for you.