Cryptocurrency Trend Reversal and Risk Warning
When the market starts to pull back, the extent is expected to reach around 20%.
If you want to re-enter a long position in the trend, you need to patiently wait for the price to fall back to around 80,000, and it may even have to reach the 77-78k area.
Currently, everyone in the market is shouting to go long, targeting 100,000. In this atmosphere of overwhelming bullish sentiment, the awareness of risk prevention becomes particularly important.
The main funds are by no means charitable organizations; their fundamental purpose in driving the market is based on holding a large amount of low-cost bottom chips, using a small portion of profit to drive the spot price, while their real profit key lies in secretly laying out orders in the market.
Once the main funds successfully complete their order building operations, when they start dumping, there is likely to be insufficient strength in the market to absorb it, and at that time, the price will face the risk of a sharp decline.
Next, it is crucial to focus on whether the key point of 93,500 will be effectively broken.
If the 8-hour K-line closing price is below 93,500, then the next support level will focus on the integer key point of 90,000. Investors should remain highly vigilant and prepare response strategies in advance.
