Yesterday, Bitcoin's performance fell below the key support level as expected. The breaking of the first support level triggered a sharp decline, and the second support level also failed to hold. After a brief small rebound, it continued to decline, even breaking below the target point, coming close to the weekly K support level of 98800 before rebounding. Based on Yueyue's thinking, this wave has considerable space; Bitcoin could reach 5000, and Ethereum also has space for 300. [breeze][giggle][applause][rainbow][call]#CryptoCircle#

Today's hourly chart shows a long lower shadow bullish candle, nearing the close it may turn into a small bullish candle, which is an initial signal to go long. However, one must be cautious, as this may just be a brief pause in a bearish trend. From a price action perspective, the bearish gap created by the large bearish candle ahead has not been filled, and the selling pressure remains strong. It is expected that the price will first rebound to the 101780 - 102200 area, and then continue to decline, most likely approaching 99600. Due to the strong support in this area, the likelihood of a single drop below is low; it may take 3 - 4 tests before moving down. In summary, currently, rebounding to high positions for Bitcoin may be a wiser strategy.

102200-101700🈳 Looking down at 99600

3730-3700🈳 Looking down at 3600#Blockchain#美联储放鹰