After a big dump, most people are exhausted and tired. Yesterday, the group was really crying and screaming, wishing for death. In the previous period, everyone was praising the bull market, but yesterday so many people cursed that the bull market is dead and they are getting liquidated, praying for good luck.

Indeed, the house used Powell's words to slaughter the market. It was not originally bearish, but guided by the house's news, it was converted from long to short, and embellished. In the first half, it fell heavily on volume, and in the second half, it bottomed out and entered the market.
Yesterday's panic, the Trump family, bottomed out a large amount of ETH around $3200-3500. The decision is made by the ass, born as a businessman, how can he make a loss-making deal? The President openly entered the market, and has informed everyone that after he took office, the stock market and the cryptocurrency market will experience a big surge.
And our leeks, all slaughtered, skyrocketed to chase high, burst and cut meat. I have been constantly reminded before and during this massacre to enter the field in batches. Don't panic, be rational and get to the bottom. During this time, the decline entered the market, which is the last opportunity for this wave of Bull Market, the mid-range pullback.
Currently, from the perspective of the pattern, BTC has broken through the strong upward trend line, but from the candlestick pattern yesterday, there is a large amount of funds entering the market to support the bottom. It has not effectively broken the lifeline, and it still has a bullish pattern structure. Always pay attention to whether the lifeline is effectively broken. Currently, the support below is around 97000-90500.
On the 4-hour chart, MACD has a golden cross and the short-term has stabilized. The resistance above is near 100135, and the support below is near 95555 and 92614. You can go long with a small position, set stop loss at the previous high or make a small short when it rebounds to the resistance. Recently, it should be a sideways market.
From the perspective of Nasdaq's pattern, the position of this wave of sell-off has been completed. Every time it retraces to the lifeline, it will rise again, and the currency circle will rebound accordingly. Therefore, it is recommended that partners who bottomed yesterday can adjust the stop-loss position at the current price. Spot players can hold coins for a while.
In fact, many altcoins have already completed this phase of washing out, clearing out the weak hands and taking profits, and then bottom-fishing again. This is how the market works, with its ups and downs following a cycle. When it's crazy, danger is approaching; when there's fear, it's an opportunity to make money. Yesterday, let me ask you, did you buy the dip or sell at a loss?