The big cake continues to pull back, and the previous bullish rebound disappeared overnight❗
For Bitcoin, this kind of fluctuation is actually very common. The only difference is that the pullback of more than $5,000 occurred in the golden autumn of October.
I have repeatedly mentioned in previous posts/articles that I look forward to such a pullback, after all, some positions are not fully filled. The defense level of this pullback is 60,000. If it falls below 60,000, the decline will not stop. 📉
ETH is still disappointing. In this pullback, the low point returned to 2,400 points. The exchange rate of ETH/BTC has further declined and has fallen below the MA120 moving average. In the short term, there is no trend of ETH's exchange rate breaking through, and ETH will continue to remain weak in the short term.
The altcoins have fallen across the board, but relatively speaking, the pain is not strong. It can be foreseen that when the entire cryptocurrency counterattacks upward, the altcoins can perform well.
