Today's technical perspective.
Bitcoin confirms an expanded adjustment level, with 4H support at $92500, which has been mentioned before.
Next, we have to see whether it can maintain oscillation by leveraging this support or continue to break down directly.
Here, a possible trend method has been anticipated.
The best state is for Bitcoin to oscillate at a high level, allowing Ethereum to take over and drive a bunch of altcoins to soar.
After Ethereum continues to start rising, even if Bitcoin breaks the 92500 support, it gives Ethereum room for a pullback.
This can be considered a relatively good state of a bull market relay.
You can also do corresponding short-term strategies through support, as the stop-loss line is determined.
At this stage, we can look for some potential altcoins to participate in going long.
To avoid the subsequent risk of Bitcoin's decline, one can appropriately short Bitcoin for hedging.
It's time to return to being a technical analysis dog for a while, rationally judging the market's rhythm.
Above 🙂🙂🙂
#BTC
