Market Analysis | The fluctuations intensify, warning mostly about false falls

The mainstream cryptocurrencies are generally maintaining high-level fluctuations today. Currently, a certain coin is priced at around 103200, with resistance concentrated in the 104000-104500 range. If it breaks through and stabilizes, it is expected to test the 106000 area. Support is temporarily looking at the 102000-101300 short-term pullback; if it falls below, short-term pullback testing around 99000 cannot be ruled out.

Overall, the intraday K-line shows a repeated pin bar pattern, with the main forces in a tug-of-war, and high-frequency sweeping is evident. Be cautious of emotional trading interfering with judgment. It is advisable to maintain a flexible strategy and avoid blindly chasing highs and cutting losses. In the current phase, focus on the evening trading hotspots in Europe and the United States. If there is a breakout with increased volume on the upper edge, there might be a chance for a wave of inertia upward; conversely, if there is another significant drop in volume, the short-term defensive line may be breached, necessitating a reduction in positions.

There are no absolute opportunities in the market, only relative safety. It is advisable to mainly observe and wait for the trend to become clear. For those who try, have patience in understanding.