There is still room for another dip

Yesterday's white plate appearance can be said to completely match the market trend. Recently, the overall market is still in a downward adjustment phase. The news that Microsoft's shareholders rejected the investment plan in Bitcoin was actually expected. Before the news was announced, the market may have already digested the effects of the expectations. The low point of the big cake was 94,200, but based on the current market structure, there is still a possibility of a new bottom.

From the perspective of the big cake's market structure, the 4-hour level has started to undergo high-level fluctuations since the high of 104,547, consolidating downwards, during which there have also been several rounds of deep fluctuations.

Compared to the previous position, this is indeed relatively low, and many people dare not continue to chase. However, whether it is a low position cannot be compared with the highest position. We should follow the trend instead of feeling that the position is high and refraining from trading or operating in the opposite direction.

The overall trend should synchronize with the big cake; recently, the trends of the two coins are similar, and the synchronization with the big cake is sufficient.

Trading suggestions:

Big cake around 96,500, target 94,000, pay attention to this as a support level. If it breaks, it can continue down to 90,000; otherwise, it can be reversed to enter.

Auntie around 3,620, target 3,500, if it breaks, it can continue to go down, synchronize with the big cake.

Also, don’t rush to enter during an upward trend, and don’t rush to exit during a downward trend. The typical flavor is for reference only; the specific situation should be based on actual performance. #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH