Now the altcoin market is oversold, and the weekly level has deviated from the 5-day line for nearly 3 weeks. If BTC/ETH stabilizes after the recent pin, the altcoin will rebound violently.

At this time, I am afraid of cutting meat back and forth and sending heads. Continue to wait. Now the altcoin dealers are more uncomfortable than us, but don’t touch the coins unlocked recently, especially the new coins with large market capitalization. Almost all of them are cut.

#BTC

The hourly high point is getting lower and lower, but the process is also accompanied by a pullback of about 2,000 points. This is the stumbling block in the process of decline. The three times of 70,000-67,300-66,500 are relatively large pullbacks. Therefore, although it is a downward trend, there are opportunities for long orders, but we must also look at the position.

The overall situation is still dominated by high altitude. After breaking the support of 62,500, it may be necessary to verify the support of 60,500. The support near this position is the only visible support on the current market

Pressure above: 63,500-64,000

Support below: 60,000-60,500