《Liquidity Scarcity - Beware of the Second Exploration》
Good news does not necessarily lead to a rise, and bad news is highly likely to lead to a drop; this has become a current market law. Without substantial capital inflow, it is impossible to support the bright blue skies of the crypto market. Since there is no strength to rise, the possibility of a correction has increased.
Currently, the trend of Bitcoin seems to have support back around 78600. Due to the scarcity of liquidity, every rebound feels like it has enormous resistance. From the 4-hour chart, it appears that there is still a gap near the 78600 support level, with a significant possibility of further declines.
In a market downturn, when selecting strong rebound targets, Taka suggests that fans should prioritize adding positions in BNB and SOL. Today's various news, coupled with the emergence of new mining, has also led to a nice uptick for BNB.
In a fluctuating market, bottom-fishing still requires patience. If Bitcoin dips again, the overall altcoin market will certainly be affected. It’s not that we are not taking action, but rather that the market has not provided an opportunity for us to act.