Currently, the market is still in a volatile situation. It is recommended to observe for now and wait for the right opportunity.
The two support levels below are 92000-90000.
The closer we get to the 90000 support level, the stronger the support will be.
Above is the 100000 integer mark that has been tested twice without a breakthrough. One hundred thousand is a psychological price point for most people, and it is also the resistance level of the MA30 moving average, so in a volatile market, we encounter resistance and pull back, and when we meet support, we rebound.
Most altcoins also follow the trend of Bitcoin, so the overall market trend still depends on Bitcoin. As long as Bitcoin remains at a high level, funds will gradually flow into altcoins. What altcoins currently lack is a catalyst, a hot topic to promote them, so once a certain hot topic emerges, altcoins will rise independently.
Alternatively, a surge in Bitcoin could trigger a chain reaction across all altcoins, with most rebounding together.
Investors will gradually find some hot topics in the altcoin market, creating independent trends in certain altcoins, such as Pond, which has been set up as an independent trend with hot speculation. Or we will look for trends in the overall market that begin to heat up significantly, and then investors will share suitable setups for certain altcoins.
