$PEPE

PEPE, the daily level oscillation pattern and descending wedge, potential rebound trend, but the current overall direction has turned downwards with BTC.

The daily level support is at 0.8. Breaking below its triangular pattern and descending wedge would lead to another round of decline, still heavily influenced by BTC's trend. If BTC's price remains stable, there is a high possibility of range oscillation. Overall, the spot market is a relatively suitable entry point, while contracts require a certain rebound trend to be more appropriate for entry.

For short-term entry, one can gamble on a rebound, with an entry point around 0.82 and a stop-loss around 2%. If following the major trend, high shorts are generally more suitable. Overall, altcoins at this stage are heavily influenced by BTC's declining trend. Considering BTC's daily triple top and 4-hour wave changes, if it does not drop below 750000, one can bet on a short-term rebound after a new round of rapid decline.