After this round of consolidation, the entire market has shown a two-tier differentiation. Both bulls and bears in the market have become increasingly confused. However, from a higher perspective, in a bull market, a decline is the best thing; there is nothing better than a drop. The coins that were once unattainable are now available at a low price. This is a large-scale reshuffle in the market, where the strong survive and the weak are eliminated. It can be firmly said that this is like the heavy rain after a lightning strike; continuous heavy rain will surely lead to a sunny day. This is an eternal natural law!
It has been a while since I shared some price points with everyone. Today, I want to mention them for your reference in bottom-fishing!
The maximum retracement point for BTC is 92,000. I mentioned in November that 92,000 is an important checkpoint for BTC. As long as the closing price remains above 92,000, there is no problem; it just fluctuates within that range. Currently, this consolidation shows some downward momentum. If it drops further, going all in at 88,000 is not an issue! BTC returning to 100,000 is just a matter of time!
For ETH, there are currently two key points: the first point is 3,100, and the second point is 2,980. If the market continues to decline, 3,100 will become a reasonable rebound point. If the price sees a rapid drop, just go for 2,980; this point has significant strategic importance. The big players will not let go of such a good point!
Dogecoin has been influenced by Musk being controlled by the military, forming an island reversal pattern in its price. If this chart pattern cannot return above the neckline within a week, the situation will deteriorate, and it will take longer to digest the bottom-fishing and selling pressure. It may take several months to see a new level of market movement!
Still, the same saying: at this point, Dogecoin below 0.3 is priced like cabbage. The maximum retracement is limited to 0.242, which doesn’t leave much range. For such a skyrocketing approach by the big players, it only takes a few seconds!
The market is showing these two differentiated situations: a bullish outlook led by BTC and a bearish situation led by ETH and Dogecoin. But after all, BTC is still the leader! Capturing this wave in the next three months can easily lead to a 10x big winner!