Currently, it is a 2-day rebound within a 6-12 hour joint rebound returning to the 6-hour EMA52 rebound oscillation. It has not been able to effectively touch the 8-hour EMA52 line, and the support here will weaken. Next, we can wait to buy at the 12-hour EMA52 line (114660).
The daily chart shows a small bearish candle with a lower shadow, and the trading volume is one-third less than the previous day, continuing to maintain a high-level oscillation trend.
There will not be a sharp drop for now; it will still fluctuate back and forth. If the 12-hour rebound fails to make a new high, we will have to test the daily support before rebounding.
As long as Bitcoin declines, 99% of altcoins will also drop. Currently, altcoins have risen so high without a significant correction; it's time to take profits gradually rather than chasing highs.
Daily resistance levels 120000-131700-150000, support levels 114660-113600-111800-105100-100500
