Since Bitcoin failed to break the 100,000 mark last week and has fallen back, more and more people in the market are talking about an impending waterfall. Many believe that the sharper the rise, the sharper the fall. I want to say that many still do not understand the definition of a 'bull' market, so I have been explaining in recent posts that there is currently no possibility of a deep correction. Bitcoin is maintaining a high position above 90,000, and a correction of about 5,000 points is quite normal. #NOT市场动态 #比特币关键区间 #GameFi板块信号 #SUI、IMX、ADA大额解锁 #ETH市场新动向
Personally, I believe that after the price has gone through fluctuations and adjustments, it will still give an upward breakthrough action. At least the 100,000 mark will be tested. If Bitcoin slightly falls after setting a new high, then altcoins will collectively cry. The current market situation is quite painful; Wall Street funds only buy Bitcoin, and American retail investors only buy on-chain MEME tokens, while mid-tier altcoins are temporarily abandoned by the market. $BTC $SOL $ETH
To briefly share my personal view, combined with the hourly chart showing multiple pullbacks stabilizing above the 95,800 low, it broke through last weekend's consolidation low at 97,000 this morning. In the short term, there will first be a wave of rebound corrections to reconfirm the upper resistance. Pay attention to the resistance between 99,000-99,500 above. Friends holding more Dan tokens should patiently wait for the market to rise. After the market moves, we can combine the intraday resistance to short the market and look for fluctuations. Finally, I wish everyone all the best!!!