Market Review:
The highest price of the first one yesterday was 102800, the lowest price was 95700, and the fluctuation was 7100 points. The highest price of the second one yesterday was 3720, the lowest price was 3326, and the fluctuation was 394 points. Yesterday was Thursday
Big Bread and Two Bread continued to pull back today. Yesterday, Big Bread rebounded to the resistance near 103,000 and began to pull back directly. It did not continue to rush up. Two Breads have not touched the position of 3,800, and only came down to a little over 3,700. Today's pullback of Big Bread and Two Breads is relatively the same as the previous rise, and they have independent trends. Big Bread and Two Breads fell, while the Copycat did not fall much today. Compared with the decline of Big Bread and Two Breads, the Copycat basically did not fall, and some are still rebounding. It was a little early to cover the position yesterday, but I personally think it is not a big problem. If you don't buy at the current price, and then it goes up again later, thinking about chasing the rise, you will be in trouble again. Just buy when it falls sharply, and you don't need to think about it so much. Now relative to Two Breads and Copycat, the positions are well allocated. Just buy a few Copycats and hold them. Don't go all in. 80% of the positions are good. But I emphasize here that you should not do leveraged contracts
Today's Friday Highlights:
BTC
BTC is now at a low near 96000. The position in the range of 94000-96000 mentioned yesterday is currently a strong support level. We need to see if this range can stabilize. 96000 has already been touched. On the intraday level, first look at the support position of this range, and then look at the target resistance position for the rebound. According to the current stage, the upper resistance position can focus on the 100000-102000 range.
ETH
ETH's rebound yesterday was relatively small, just returning to a little over 3700 before retracting again, not reaching the 3800 level. The drop directly went down to a little over 3300. It was still a bit early yesterday, but this round of decline has not dragged down altcoins too much. It can be said that the altcoin market has not dropped significantly and feels like it's struggling to decline further. Therefore, relative to BTC, the current support position can refer to the 3260-3320 range. It has touched this level once during the day. On the intraday level, first pay attention to the resistance points in the 3600-3800 range. Whether there will be an overall rebound or strengthening to boost market activity still depends on whether BTC can stabilize again at the 3800-point level to open up upward space.
Altcoin
Those who traded short with me have also recovered a bit during this decline, around 0.6 which I recommended to everyone, and now it has a 40% profit. Other altcoins to pay attention to are still those few tokens: ACT NEIRO SYN WLD OP FET PEOPLE CRV ACE. If ETH stabilizes, the altcoin market will follow. A market correction is normal, so don’t panic, and definitely don’t cut losses. If you're afraid, you can uniformly reduce your position by 20%.