This market volatility is truly unexpected. A rise in just a few days can be reversed in a single day. This is precisely why I mentioned earlier that this market pattern is difficult to grasp—lack of coherence and inability to sustain an upward trend. If one cannot act promptly to lock in profits, it is easy to watch earnings go to waste. Dealing with such market conditions is indeed quite tricky.
I initially thought that the 100,000 point level during the day yesterday would provide good support, but to my surprise, it dropped directly to 98,000 at night, and this morning it was even approaching around 96,000.
Currently, there are no strong signs of a rebound in the market, which remains in a slow decline. For Bitcoin, we need to closely monitor the range of 95,500-95,800, which was the starting point of the previous upward wave. And for Ethereum, the position around 3,300 is also worth paying attention to, as it is the starting point of the previous surge.
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