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Bitcoin and a number of altcoins had a small pullback after bouncing back yesterday, but everyone should not panic. It hasn't dropped to a new low, and it hasn't even tested the bottom twice. I don’t think there’s much to worry about. Since it's the weekend and Wall Street is off, there’s not much extra capital flowing in. Let’s wait for the early weekend and Monday evening situation, and we can take another look then. There should be a decent opportunity for stabilization and continued rebound.
As long as Bitcoin's daily line does not break the 93,700 position, the daily trend will not deteriorate, and the price trend will maintain daily fluctuations, so there’s no need to worry too much about short-term downside. Many people see more downside, mainly due to low liquidity during the Christmas period next week leading to market declines. However, this week's decline has mostly cleared the leverage bearish sentiment, so we can look forward to the daily support situation.