Life is full of ups and downs. When you feel lost or defeated, remember that this is not the end. In the lowest valleys, you still have the strength to bounce back. Face difficulties with your resilience and wisdom, and you will become stronger. Returning to the market, our bearish outlook in the morning was also realized. We shorted around 87,800, and as expected, the price retraced to a low of 86,700. We successfully caught this wave of correction, gaining over 1,000 points on Bitcoin, and over 55 points on Ethereum. Once again, thank you all for your support and trust!

Currently, Bitcoin's overall trend is weak, with multiple attempts to break through the daily line being suppressed. Today marks the change of the monthly line; last month's monthly line is also showing a decline. First, look at the monthly level support at 84,000, which is a strong weekly support level. If this level does not break downward, the probability of a rebound is quite high. If this level is broken, it may drop to 81,000-80,600. Therefore, whether the market can reverse again depends critically on breaking the daily resistance. At least, the daily level needs to stabilize above 88,000 for a reversal to form. So, the bullish outlook should wait until the daily closes above this level before considering further. Currently, it is just a small-term oscillation.

The altcoin market remains in wide-range oscillation. Currently, the short-term resistance at 3,000 must be broken for a stronger rebound. The bullish outlook should wait until the daily level stabilizes above 2,980 before considering. The strong support below must hold; if this level does not break, the rebound continues. Only if it falls below 2,900 will the market probe downward again!