Considering the current strong altcoins and Bitcoin, their trends can be seen as a bit forced to call a correction; it seems more like a fluctuation within the first wave of the trend.

Of course, at this stage, the small bearish trend has the potential to further expand, completing a full correction, so the market performance tonight and tomorrow night is particularly crucial.

The position around 956 is very critical; if the price breaks above this level, it may indicate the end of the fluctuation and continue to rise;

However, if the price moves downward, it may test the double bottom formed at 915, and then we need to observe whether it will create a lower high or directly break below 915, subsequently testing 89 or even lower price levels.

However, the most important thing is that we are currently in the observation phase; even if the bearish trend expands and evolves into a correction, there is no need to reduce positions for now.

If we compare with the trend of 2021, from the perspective of consolidation or correction time dimension, it should maintain around 1210;

From the price aspect, it should at least touch the levels of 87 or 88 to be considered a relatively reasonable correction.