#大盘走势
Bitcoin has continued to decline sharply, directly filling the gap at 92000 without any effective resistance, continuing downward, and directly breaking below the 90000 mark, closing at a low of 89253 before starting a rebound. The smoothness of Bitcoin's decline was somewhat unexpected; although it only dropped by 3000 before stopping and forming a doji, it has led to a substantive change in the assessment of subsequent market trends! Previously, we mentioned a possibility that Bitcoin would stabilize after this round of decline and form a bottom before rising to create a secondary high point below 126000, or even a new high to lure in buyers, followed by a significant decline. Currently, this possibility has significantly decreased because the first round of adjustment was too deep, with key support levels continuously broken without resistance. Bitcoin's large structure is transitioning from a volatile decline to a more accelerated decline, with heavy pressure above, hence the rebound space is being continuously compressed!
At this moment, the market is still in a rebound phase, and it should still form an up-and-down structure here. The first resistance to watch for the rebound is the bottom edge pressure of the small platform at 93840; after breaking through, we can see the upper edge pressure of the platform at 96300, and further up around 101000. Ethereum is in line with previous expectations, stopping its decline around 2900, and its performance has been consistently stronger than Bitcoin, a strength that will likely be maintained for some time. If a rebound is to be made, it is still the primary target. Resistance levels are at 3130, 3210, and the next higher level of resistance is at 3580. At this stage, operations must be cautious, avoiding greed and impatience, and having a respectful attitude towards the market is essential.
