At 6:30 AM, Bitcoin fell below 93k, causing many friends to start worrying, fearing that the bull market is coming to an end. There's no need to worry; the trend remains positive, and Bitcoin's ETF continues to see inflows. Besides, the interest rate cut cycle is still ongoing. Not to mention, there's another rate cut scheduled for the 18th of next month. Right now, for spot trading, it's all about selecting quality varieties and holding on - just two words: don't worry too much.
As for other types of players focusing on low leverage, don't stubbornly play the short side; the profits are limited, and the risks of being liquidated are high - it's really unnecessary. Regarding how to filter for quality and valuable altcoins, remember to like, follow, save, and share. Looking at trends, for example, $doge has Musk backing it and promoting it crazily, and the market is speculating, so there's a constant influx of traffic and funds, which naturally lifts the price of Dogecoin.
Then, observe the project's community and team operations; being able to actively create narratives and drive advancements is crucial. Just like the recent developments with Neiro, right? Furthermore, it’s important to see if there are strong market makers involved; having these conditions increases potential, as any project’s speculation relies on traffic and funds.
Continuing with today’s daily $BTC market analysis, from the K-line perspective, the 1-hour level is entering an uptrend, the 4-hour level is down, the 12-hour level is down, and the daily level is down. The intraday resistance level is 96,600, and the support level is 92,600 USD.