Altcoin Focus: The Third Wave of Rise May Quietly Start
In the current market volatility, the trend of altcoins has become a key observation point. If altcoins can stabilize and do not follow the large decline, it may indicate that the third wave of bullish market is brewing.
1️⃣ Key Support for Bitcoin: $97,500
Bitcoin's $97,500 is currently the strongest support area, with over 1.45 million BTC accumulated at this position. As long as this key level is not broken, the overall market remains in a bullish rhythm, playing an important stabilizing role in market sentiment.
2️⃣ Bullish Rhythm Unbroken
The bull market continues, with pullbacks being more of a market washing behavior. Investors should remain patient, avoiding cutting losses due to short-term floating losses. Once the market warms up, altcoins may rebound quickly, bringing overall opportunities for unbinding.
Suggestions
1. Closely monitor whether altcoins show signs of initiating an independent trend.
2. Maintain positions without breaking key support to avoid losses from cutting positions.
The bull market is still here; being trapped is not scary, but rather an opportunity after a surge!