In the cryptocurrency space, every bomb will not explode in vain. Because the money never comes from the initiators, it comes from countless retail investors in the crypto world. Yesterday, South Korea issued a curfew, the Korean won plummeted, and the crypto market in South Korea was a bloodbath. Although it was retail investors in a localized area who were wiped out, it can be extended.

Currently, South Korea has lifted the ban, but what has been emptied is the wallets of retail investors in the crypto market. In fact, extending it a bit, it is a game between two major camps, targeting Big Goose and Dongguo. The Eastern European battlefield is bogged down, and India has also sent troops to help Big Goose fight; now in East Asia, the situation is escalating, leaving Big Goose in a dilemma, making deceptive moves to distract, likely in preparation to end the Ukraine war.

The escalation of the regional situation will also impact the financial markets. For four years, Trump was in power, implementing a series of restrictive policies against Dongguo, escalating the trade war and rising the financial war, and it is not ruled out that supported regions may experience offline warfare. Therefore, risks have always existed. Black swans have always been present. In the crypto space, if you make a profit, you should take profits and consume as needed. Because you never know which bomb will land on your head.

Currently today, BTC is in an extremely important position; from a technical perspective, the middle band of the Bollinger Bands is around 94,000, which has been a constant support. If it effectively breaks down, it will challenge 91,000 or the lifeline support at 87,000. The MACD has a death cross pointing downwards, and at the daily level, it is still in a bearish formation, with a higher probability of a pullback. The only good news is that the MACD should approach the zero axis in two days; if it continues to dip below the zero axis, it will accelerate the decline. If it can form a rally at the zero axis, then 100k+ will come.

At the 4-hour level, there was capital support yesterday, and it is currently oscillating near the middle band of the Bollinger Bands. In the next few days, there should be frequent up and down spikes, and operations should be particularly cautious. It may be wise to just lie flat and observe. Patience is key; sometimes you can also reap substantial gains. For spot traders, it is still recommended to temporarily stay out of the market. The coins that should rise have already made a wave. The risk of chasing highs is quite significant.

Sentiment has been continuously extending; previously, only the peaks of bull markets would see several weeks of greed and madness. The good thing is that altcoins will surge, making profitability efficient. However, this pattern is intended by the market makers to eliminate the risk awareness of retail investors. If the risk materializes, you will find that most people are severely injured, with none spared. First, reduce your positions and put the money in your pocket for now.