$BTC has been fluctuating back and forth during this period, with short-term support at the 92000 position. If this wave of decline touches that level, a rebound will occur, just as I mentioned before, it has been oscillating within a large range (99800-92000).
Currently, only a few altcoins have independent market movements, while others are following the overall market trend. $pha, $agld, $ata, $rose are said to be driven primarily by TEE technology, which provides an isolated and protected execution environment for AI systems, with the main funding in $pha; other gains are due to capital outflow.
This is what is known as hot spots; as long as there are hot spots, there will be rapid buying of $PHA. It took 7 days to rise to the peak position in December 2021, with capital inflow during this period exceeding the annual trading volume.
Meanwhile, $BTC remains in a wide fluctuation between 99800-92000, and one side will silently break the balance.
