The reverse has started, and the big coin callback has arrived as scheduled, from 99k to 91k, scaring a lot of latecomers. In fact, the callback of the big coin is not the main point; the main point is that the second-tier coins and altcoins are not dropping much. If the big coin had dropped like this before, then the second-tier and altcoins would definitely have plummeted. Since the day before yesterday, the second-tier coins have not only stopped falling but have actually risen, which indicates that the profit overflow from the big coin has started to flow into the second-tier coins and altcoins, and the altcoin season is not far off.
So where will the big coin pull back to next?
The monetary policy minutes were released at 3 AM, and the result was hawkish, the big coin broke below 91k accordingly, and starting Thursday, the US stock market will be closed, which may lead to a temporary lack of liquidity. I see that there is decent support near the round number of 90k, and there is an even stronger support level at 87.5k below. Of course, it still depends on how the market makers manipulate the market; the situation is always changing, but don’t be afraid or panic; the pullback is definitely to ensure a better takeoff next time. The changes in the crypto world are getting faster and faster, so brothers must grasp the rhythm well and not miss this once-in-four-years opportunity.
Continuing today's daily $BTC market analysis, from the candlestick chart perspective, the 1-hour level shows a rebound upward trend, the 4-hour level has a bottoming and stopping decline phenomenon, the 12-hour shows a downtrend, and the daily level shows a downtrend. The intra-day resistance level is 95,500, support level is 90,000 USD. #比特币盘整分析