Are the friends bottom-fishing experiencing strong winds on the roof?
I haven't shared any trading ideas for Bitcoin and Ethereum these past couple of days because the market has been extremely volatile. Since the day before yesterday, I've repeatedly reminded everyone not to blindly bottom-fish or operate impulsively. Yesterday early morning, I posted again warning that Ethereum could see a "2500" level, and Bitcoin broke below "80000." Yet, some people still refuse to believe it! As a result, early this morning, Ethereum and Bitcoin staged another "bungee jump," leaving many bottom-fishers hanging at the top. $BTC Bitcoin plummeted from the high of 84000, dropping to a low of 78000, evaporating over 5%, and breaking through a key support level. Now, whether the 78000 bottom can hold is uncertain; if it doesn't, the next support is below 76000. Rebounding isn't easy either; the 80000 level has become a difficult hurdle to cross. $ETH Ethereum fell even more sharply, dropping 11 points from 2760 to 2350. It is now barely holding at 2400, but buying pressure is weak. The resistance at 2500 feels like a wall, making it extremely difficult to break through in the short term. This wave of decline has released massive volume, clearly indicating that the main players are fleeing. Retail investors are either forced to cut losses painfully or hold on stubbornly at the top. The market is in a state of panic. Once again, I remind everyone not to rush into bottom-fishing now. The overall market is still dominated by bears. Wait until the market stabilizes and clear rebound signals appear before taking action! Listen to advice and eat well!
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Are the friends bottom-fishing experiencing strong winds on the roof?
I haven't shared any trading ideas for Bitcoin and Ethereum these past couple of days because the market has been extremely volatile. Since the day before yesterday, I've repeatedly reminded everyone not to blindly bottom-fish or operate impulsively. Yesterday early morning, I posted again warning that Ethereum could see a "2500" level, and Bitcoin broke below "80000." Yet, some people still refuse to believe it!
As a result, early this morning, Ethereum and Bitcoin staged another "bungee jump," leaving many bottom-fishers hanging at the top.
$BTC Bitcoin plummeted from the high of 84000, dropping to a low of 78000, evaporating over 5%, and breaking through a key support level. Now, whether the 78000 bottom can hold is uncertain; if it doesn't, the next support is below 76000. Rebounding isn't easy either; the 80000 level has become a difficult hurdle to cross.
$ETH Ethereum fell even more sharply, dropping 11 points from 2760 to 2350. It is now barely holding at 2400, but buying pressure is weak. The resistance at 2500 feels like a wall, making it extremely difficult to break through in the short term.
This wave of decline has released massive volume, clearly indicating that the main players are fleeing. Retail investors are either forced to cut losses painfully or hold on stubbornly at the top. The market is in a state of panic. Once again, I remind everyone not to rush into bottom-fishing now. The overall market is still dominated by bears. Wait until the market stabilizes and clear rebound signals appear before taking action! Listen to advice and eat well!