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Currently, the volatility of Bitcoin ($BTC) is low, and altcoins are falling every day and staying in one place. It is recommended to observe the closing situation of this week first. In this market, it is recommended that everyone take a break and avoid frequent operations to avoid increasing wear and tear.
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Bitcoin ( $BTC ):
Current trend: bearish trend on the four-hour timeframe.
Key support: $66,500. If not held, it will go to strong support near the midline of $65,000 - $64,500.
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AltCoin:
Many AltCoins have fallen below their previous lows, while strong coins are rebounding near the previous lows.
Currently, it is necessary to wait for the market to show a clear direction, or to reach a turning point before intervening, in order to improve the risk-reward ratio.
The current price and situation of AltCoin indicate that it has reached a low point in the daily line bottoming stage, with a low market sentiment.
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Operation suggestion:
Short-term: No need to operate, avoid frequent trading.
Long term: Hold patiently and wait for clear opportunities before notifying the choice of coins to buy.
This kind of bearish market may be the turning point of a major market, similar to the trend of Bitcoin falling from $20,000 to $15,000 in 2023. Do not capitulate at the last moment, wait for notification if you have a position.
#比特币 Ethereum #加密货币 Market Analysis #FrogDoctor
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