Dr. Frog Daily Analysis

Currently, Bitcoin ($BTC ) has a very low volatility, and altcoins are falling every day and remain at one position. It is recommended to observe the closing situation of this week first. In this market, it is recommended that everyone take a break and do not operate frequently to avoid increased wear and tear.

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Bitcoin ($BTC ):

Current trend: four-hour level short trend.

Key support: $66,500. If it cannot be maintained, it will go to the strong support near $65,000 - $64,500 on the middle track.

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Altcoins:

Many altcoins have fallen below the previous lows, and strong currencies are rebounding and hovering near the previous lows.

At present, it is necessary to wait for the market to move in a clear direction, or to reach a turning point before intervening to increase the profit and loss ratio.

The current price and situation of altcoins show that they are at the low point of the daily bottoming stage, and the market sentiment is low.

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Operation suggestions:

Short-term: No operation is required, avoid frequent trading.

Long-term: Hold patiently and wait for a clear opportunity to notify you to buy coins.

This kind of negative decline may be a turning point for the big market, similar to the trend of Bitcoin falling from $20,000 to $15,000 in 2023. Don't surrender at the last moment, wait for notification if you have a position.#Bitcoin#Ethereum#Cryptocurrency#MarketAnalysis #Dr.Frog

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