Which coins should we focus on from a technical perspective now?
1. First, confirm the level and rhythm of the current pullback. Usually, the boundary is defined by the current cycle's MA20 moving average. A valid break below is considered a formal pullback at this level. From this perspective, most altcoins confirm a daily-level pullback.
2. Classification of the downward rhythm. Coins like $ACT and $PNUT, which have a very smooth downward rhythm, are obviously not within the expectation for bottom fishing. If a right-side price structure appears before the decline, for example, $virtual, and the expected support on the left shows performance, then a rebound at the key position will be relatively quick.
3. Most importantly, predict the trend of Bitcoin. As long as Bitcoin does not confirm a rebound, all altcoins will be suppressed. According to the previous expectation of Bitcoin's pullback below the daily level, as long as there is a recovery action confirming the rebound, one can bravely bottom fish some altcoins.
4. Actions after bottom fishing. Once Bitcoin confirms a daily-level pullback, the probability of a daily-level rise in the short term is relatively low, so the expectation is for a rebound at the 1-4 hour level.