$ACT

From the data, the divergence between bulls and bears has been quite obvious in the last 24 hours, making the data appear somewhat chaotic. Overall, the bulls are still relatively weak, while the bears seem to have more initiative. In the 24-hour timeframe, the bulls have closed some long positions, and in the 12-hour timeframe, they have covered a little, but it's only about one-third of what was lost.

From the candlestick chart, the previous support at 0.6 has been broken. Now the line drawn at L1 (around 0.65) has become a short-term resistance level, while L2 (around 0.55) has turned into a short-term support level. Now we need to see if the 0.55 level can hold; if it holds, there is still a chance for upward movement. If it breaks down, the outlook will be grim. Currently, the brother's long positions are still not closed because he indeed bought less. Those who have heavily invested in ACT recently must be feeling like this candlestick chart is a roller coaster ride. Here, brother gives a kind suggestion: buy less; there's no need to gamble your life against meme coins. In the long run, the only asset worth betting on in the crypto world is Bitcoin.