The market has fallen as expected, with BTC once again leading the altcoin plunge. Analyzing and trading has its logical methods, and I hope everyone can learn to earn from it. There is nothing new under the sun; the fluctuations in the crypto market are all repetitive and alternating. If you can escape the peak this round, you can do it next round as well. Last time we successfully bottomed out, and we can do it again for the next bottom!

2. BTC has seen its first real bearish candle on the daily chart. The adjustment range for BTC is not sufficient in terms of space. Altcoins have already started to decline before BTC, having released quite a bit of risk, but we still need to go through the process of chip consolidation before we get our buying opportunity. BTC has already entered a 'offline' state in smaller time frames, and altcoins will still experience aftershocks. I need to see signs of stabilization that do not follow the decline to make a judgment. For those who have already entered with 5~6 layers of positions in the past two days, there is no need to worry; the positions are not high, and the spot opportunities will come soon. Trading is always contrary to market sentiment; when most KOLs start to criticize, the space is almost ready.

3. In terms of operations, high-level short positions can gradually take profits, and the buying points at the spot level still need to be observed for 3 days. If there is another drop during the day, we can seize long positions but should not mindlessly short anymore. The short-term resistance level for BTC is 102530 ~ 104310, and the short-term support level for BTC is 96500 ~ 94870.