Afternoon volatility is relatively strong, currently retracing to the support zone of 102800. If it effectively breaks below this level, there will be considerable downward space. The dense chip area below is between 96000-98000, which serves as the ultimate support, the last line of defense for the bulls.
In summary, if it breaks this range, it’s not advisable to easily go long. If it recovers, continue to view it from a consolidation perspective and look for low entries!
In the future, focus on whether 104000 can recover and stabilize at 105000. After recovery, the key layout will still be ETH and some relatively strong altcoins like AAVE and LINK. If it cannot stabilize, we need to wait for news from the US market in the early morning to go short and follow the trend, seeing if the good news has been fully priced in, leading to a waterfall decline washing out long positions!
Short-term fluctuations have a significant impact, so everyone must not be impatient. Stay calm and do not act hastily without clear signals!