The cryptocurrency market is the ultimate battlefield for testing patience! Although Bitcoin is still holding onto key support levels, Ethereum and altcoins are not having it so easy.

Let's talk about Ethereum; the exchange rate against the dollar plummeted to $4,000, and the ETH/BTC exchange rate also suffered to 0.04. It even flash-crashed to $3,500 on Monday, which was quite thrilling! The market cap of altcoins has also been declining; the glory of the 2021 bull market is no more, and now everything has turned into resistance levels.

Altcoin season? Alas, it has already ended! Bitcoin flash-crashed, and Dogecoin is playing rollercoaster again; the market is like a mental patient, sometimes optimistic and sometimes panicking. The dollar index is still hovering around; breaking 106 would lead to another blow. CPI data is like the sword of Damocles hanging over us; if it's above expectations, then the Fed's rate cuts will be delayed, and if liquidity tightens, cryptocurrencies will suffer.

The stock market is also bleak; SP500, Nasdaq, and Nvidia are all in the red. Bitcoin's flash crash is simply a reflection of market sell-offs. The greed index is also frighteningly high; it seems the market needs to adjust.

Let's take a look at the trends of Bitcoin and Dogecoin. Bitcoin is like an unstable little boat, sometimes bullish and sometimes facing short-term pain. The key question remains: before the next wave of increase, how much further can it drop?

Key support levels: $107,500, $99,000, $90,000-$91,000, all are crucial! Drop below $90,000? Then we have to be careful; the institutional buying zone at $79,500 might need to be visited.

As for Dogecoin, it's simply a little cockroach; it can keep its own rhythm no matter how Bitcoin fluctuates. It survived that flash crash on Monday, so it seems to have some real skills.

Key levels: $0.41-$0.425, $0.365-$0.375 are all its defense lines. Drop below $0.365? Then we might have to report to the fair value gap area at $0.31.

So, my friends, the market has risks, and investment requires caution. Layered buying, setting stop-losses, and expanding profits are essential skills. Remember, adjustments are the lifeblood of a bull market; they can dispel greed, reset emotions, and create opportunities for those who are prepared.

Don't let every adjustment scare you to death; it might be that you are overexposed or lack a plan. The market doesn't care about your emotions; it only rewards those who are prepared. Bull markets and adjustments are like two sides of a coin; accept them and enjoy the game!

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