The current situation is really quite tense, everyone needs to keep a tight grip on their wallets.
Speaking of the crypto market, the recent volatility has been significant. Old Bao (possibly referring to a certain official from the Federal Reserve) has said something that could have a considerable impact on the market, feeling like the policy has taken a big turn, and the days ahead might not be easy.
Therefore, I advise everyone to take a break first and not rush to enter the market; big players are slowly offloading their assets. Remember, don't be fooled by the small fluctuations in the market, thinking that it's warming up, as it could just be an illusion.
Let me say it again, now is really not the time to bottom-fish; everyone must not act impulsively. Both BTC and ETH, the two major ones, need to be cautious now. The Federal Reserve is taking a hawkish stance (possibly referring to tightening monetary policy), so we need to be more careful.
Let's analyze the BTC market. The pullback we predicted earlier was quite accurate. Now, I suggest selling in batches, don't sell everything at once. There is some pressure at the 101300 level, so it’s advisable to reduce your position a bit. If it really breaks through 103000, then quickly retreat, don’t hesitate.
However, if BTC drops below 97000, it might continue to fall. Pay attention to the range between 94000 and 92000, and be prepared to respond. Also, when looking at the 4-hour chart, Bitcoin seems to be swaying in a big channel, always testing the bottom; one day it might fake a breakdown. At this time, everyone needs to be careful, don’t be fooled by the market’s illusions, it’s advisable to sell a little first, and hold the rest to observe.
If the big channel really breaks, then the 94000 to 92000 range might only be a short-term fake breakdown, with real support possibly around 85000. So, everyone should have some understanding in their minds.
As for ETH, it really doesn’t look good now, having already fallen below the second line of defense at 3500, and it might continue to drop. Everyone should be cautious when operating.
For the next layout direction, I will lead everyone to aim for the lucrative opportunities in altcoins, especially those with great potential projects; a projected growth of more than ten times is not a problem. If you want to make big money in the bull market, like + leave a message, and I will guide you to layout the entire bull market
