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橙子研究院
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#大盘走势
After a significant rise, Bitcoin has experienced a substantial pullback, with Ethereum being particularly weak. After erasing the gains, it even reached a new low. Ultimately, it comes down to insufficient liquidity, and news easily stirs up extreme volatility. Yesterday, it was mentioned that a pullback was to begin, but the extent was indeed much greater than expected. 91000 serves as an important support level; once confirmed as broken, it starts to accelerate. In the US market, Bitcoin pricing tends to happen late at night, catching people off guard and leading to sudden drops...
Structurally, Bitcoin may experience some fluctuations here, but there is still demand to pull back to the 94000~95000 range. Don't think it's unlikely; in the current environment of poor liquidity, a positive piece of news could easily lead to Bitcoin surging like altcoins, and it might just take a few hours. The headache is Ethereum, which has currently broken through the key level of 2100. The expectations for the future will be much weaker. However, regardless of the situation, the 94~95 range requires extreme caution; it could very well touch that level before starting a new round of decline. In terms of wave patterns, we are still missing a C wave drop, and the decline here could be significant, which needs to be avoided. Therefore, it is recommended to clear most positions around 94~95 to prevent larger scale drops that could lead to greater losses.
From a pessimistic perspective, if it continues to decline, it cannot drop below 73800, which was the peak of the previous major wave. A drop below this level would significantly increase the chance of 95000 being a top, making a downward trend a high probability event... For Ethereum, the next key level is around 1500, so everyone should keep this in mind!
$BTC
After a significant rise, Bitcoin has experienced a substantial pullback, with Ethereum being particularly weak. After erasing the gains, it even reached a new low. Ultimately, it comes down to insufficient liquidity, and news easily stirs up extreme volatility. Yesterday, it was mentioned that a pullback was to begin, but the extent was indeed much greater than expected. 91000 serves as an important support level; once confirmed as broken, it starts to accelerate. In the US market, Bitcoin pricing tends to happen late at night, catching people off guard and leading to sudden drops...
Structurally, Bitcoin may experience some fluctuations here, but there is still demand to pull back to the 94000~95000 range. Don't think it's unlikely; in the current environment of poor liquidity, a positive piece of news could easily lead to Bitcoin surging like altcoins, and it might just take a few hours. The headache is Ethereum, which has currently broken through the key level of 2100. The expectations for the future will be much weaker. However, regardless of the situation, the 94~95 range requires extreme caution; it could very well touch that level before starting a new round of decline. In terms of wave patterns, we are still missing a C wave drop, and the decline here could be significant, which needs to be avoided. Therefore, it is recommended to clear most positions around 94~95 to prevent larger scale drops that could lead to greater losses.
From a pessimistic perspective, if it continues to decline, it cannot drop below 73800, which was the peak of the previous major wave. A drop below this level would significantly increase the chance of 95000 being a top, making a downward trend a high probability event... For Ethereum, the next key level is around 1500, so everyone should keep this in mind!
$BTC