Once again, we're in a dilemma. The crash couldn't be avoided, and not only did we not escape, but we also bought in at a high. Now, on top of the mountain, the wind is so refreshing and cool, rustling the shorts, tears in my eyes, forcing a smile through the pain. They say we are in the second half of a bull market, and everything will come back.
On the other hand, some people see the current prices, with some down 30%, some down 50%, and even worse, some have dropped 2-3 times. Damn it, you tell me this is a bull market, hell, who would believe it? I just want to tell everyone, if you bought BTC or ETH at a high, strong, valuable mainstream coins, maybe there’s still a chance to return. But if you bought some trash altcoins and meme coins, that's it, you probably won't return. When you see meme coins other than the big dog, don't you feel utterly cold inside?
Currently, from a structural perspective, BTC has been oscillating around the lifeline but has already broken the upward bullish structure. From the recovery indicators and the future upward patterns, it hasn't yet dropped to the right level. In the future, it shouldn't crash violently, but rather decline slowly. The best outcome would be to drop near 90500, build a bottom, and then slowly rise. The worst it can drop to is 85000, which would be extreme. If it breaks further, then the bull market should be over.
However, thinking it over, with Trump in power, the US stock market should see a significant rise under his control, otherwise, he can't showcase his great achievements and wise leadership. So the US stock market will rise, and the crypto market will follow. Don’t worry, the positive news is still there, and the bull market is still ongoing. I just want to suggest that many major altcoins have already approached relative bottoms in this wave of decline. You should dare to buy in batches; this should be the last opportunity to buy the dip in this bull market. Don’t miss it. In the future, it won't be about buying high, but rather about explosive buying and selling.
On the four-hour level, resistance is around 99205, support is at 95555, and near 90500. You can do short-term trading, just get in and out quickly. It doesn't matter if you're long or short; you can trade once the pattern emerges, just bring a stop loss.
Looking at the sentiment, you can tell that the decline hasn’t reached its point, or rather, the expectations and delays for the bull market are too strong. Even if altcoins drop 50%, it doesn't scare people. You can only say the bull market is still there, and the sentiment continues to stretch and go crazy. Just a suggestion, don’t go all in when buying the dip; you can enter in batches. Altcoins are listed on the monthly line at 5-10 lines, and you can buy cheap coins. But first, focus on the top 20 coins, okay? $BTC