The reverse has begun, Bitcoin's pullback has arrived as expected, from 99k to 91k, scaring a lot of latecomers. In fact, the pullback of Bitcoin is not the main focus; the key point is that Ethereum and the altcoins are not really following the drop. If Bitcoin had dropped as it did before, Ethereum and the altcoins would have to plummet as well. Since the day before yesterday, Ethereum has not only avoided dropping but has actually risen, which indicates that the profits from Bitcoin are starting to flow into Ethereum and the altcoins, and the altcoin season is not far off.
So where will Bitcoin pull back to next? Remember to like, follow, and save to see if I'm right. The monetary policy meeting minutes were released at 3 AM, and the result was hawkish. Bitcoin broke below 91k, and the US stock market will be closed starting Thursday, which may lead to a temporary lack of liquidity. I see a decent support level near the round number of 90,000, and there's an even stronger support level at 87.5k below. Of course, it also depends on how the market makers manipulate the market; the situation can change at any time. But don't be afraid or panic; the pullback is definitely meant for a better launch next time. The changes in the cryptocurrency world are getting faster and faster, so brothers should grasp the rhythm and not miss out on this once-in-four-years opportunity.
Continuing today's daily BTC market analysis, from the K-line perspective, the 1-hour level shows a rebound upward trend, the 4-hour level has signs of bottoming out and stopping the decline, the 12-hour is down, and the daily level is down. The intraday resistance level is 95,500, and the support level is 90,000 USD. #比特币盘整分析 #比特币关键区间 #ETH市场新动向