The market is changing rapidly, and trading is about being current; you sing whatever song matches the mountain you're on. Bitcoin's price has once again shown a correction, which is very typical. There was a similar sharp drop before; the last wave fell directly from over $103,600 to $90,000. The amplitude of its fluctuation is a typical case of liquidating contracts. This wave has also dropped directly from the upper level of $100,800 by 10%, falling below $100,000. You can see that this wave continues to extend the daily level divergence and shows very obvious downward washout actions. This means that this washout needs some time to oscillate.

So why have altcoins corrected? Overall, the tokens have shown a corrective action, which indicates that the current market has entered the second phase, right? After reaching this position, it is now gaining strength and pulling back, which is a good space for entry. This is an opportunity for mainstream and altcoins to enter because in the next wave, mainstream coins and altcoins will rise very crazily. If you haven't entered yet, you must seize this opportunity; this wave is not an end but rather the beginning for mainstream and altcoins. Although they also follow Bitcoin and show corrections, you can say that a 10% drop followed by a 200% increase is a better deal, right? Currently, there are too many tokens that haven't reached new highs compared to the last round, only Bitcoin has broken its previous high while other tokens have rarely reached new highs, except for XRP. So, what other coins have reached new highs? This indicates that this wave is not over; it just needs some adjustments now.

#BTC☀ We can also see that the flow of funds is very obvious now, having reached $190 billion. Just a couple of days ago, it was still at $186 billion, an increase of $4 billion. The Bitcoin spot ETF continues to experience inflows. Yesterday, a rate cut was announced, but instead of rising, the price corrected, which is a typical washout action, also liquidating most contracts. However, after today's liquidation, we can see that the rainbow map is still in a phase of considering dollar-cost averaging, so there is still a significant opportunity. Moreover, the balance of Bitcoin wallets is gradually decreasing: it was 2.25 million yesterday and is 2.24 million today, indicating continuous buying. After today's liquidation, the Bitcoin map has become cleaner, and so far, some short positions have accumulated, indicating that bears are not extinct yet. We still need to wait for a wave of Bitcoin correction; they usually rebound quickly after a correction. Therefore, the next liquidation position should be around $100,300, and if it rises to $110,000, more than $7 billion in short positions will be liquidated. This means that this wave is still a washout, not a true correction. Currently, the washout is very obvious, and this kind of oscillation washout is typical at the end of a bull market. If there is a pullback, it will definitely be a buying opportunity. If anyone doesn't understand how to buy, you can find Wang Yun; registering with Wang Yun's link will be more cost-effective. The upcoming market will be even crazier, and this is still a great opportunity. Currently, Bitcoin's market cap accounts for 57%, which is far from the peak, so seize the opportunity, brothers. That's all for today.