In the case of Bitcoin's retracement, the performance of the meme sector is still very impressive, while the altcoins have suffered a greater impact, and the prices of many altcoins have returned to the vicinity of the starting point.

Bitcoin is currently in a 4-hour retracement phase, and its lower support level is around 86,000.

As far as the overall market trend is concerned, investors do not need to fall into panic.

You should know that this short-term correction is often a prelude to a better rise in the future. If the market does not make a correction, from the perspective of market operation rules, it is not conducive to the further rise of subsequent prices. Appropriate corrections can adjust the overheated market and accumulate strength and lay a solid foundation for subsequent rises.

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