Now let's look at the Bitcoin market. It has risen to around 108,300 and then started to fall back to 98,800. First of all, from the daily line, after several days of continuous rise, it finally ushered in a fall. At present, the upper pressure is around 106,100, and the lower support is around 98,300. Looking at the 4-hour level, the overall decline is relatively strong, the upper pressure is given to 102,800, and the lower support is given to around 100,180. From the 1-hour level, the bottom signal has appeared at this time. At present, it has started to rebound from the bottom of the box. The lower support is given to 99,800, and the upper pressure is still given to around 102,800.
Let's look at Ethereum. When Bitcoin was at 101,000, Ethereum was more than 4,000. When Bitcoin was at 108,000, Ethereum was still at 4,000. Compared with Bitcoin, it is still relatively weak overall. Ethereum will continue to wash the market. When Ethereum rebounds, it will be the only one to rebound. If you encounter Ethereum rebounding alone, it means rebounding is coming. You can just chase it at that time.
Including some mainstream altcoins are being sucked by Bitcoin. Only when Ethereum starts to rebound can the altcoins continue to fly. Therefore, with the decline in the early morning today, Bitcoin did not fall much. The amplitude of Ethereum and altcoins is relatively large.
