Continuing the analysis of the market from yesterday, it was first mentioned that Bitcoin would spike near 89000, with the lowest price being 89260. After touching the bottom and rebounding, it has just started to decline again, swallowing the entire day's gains, and is now back at the support level of 89000.
This level had already been tested yesterday, and the probability of it holding this time is not that high. Moreover, the daily line has already broken below the key support of 90000, with lower support dipping to around 86800. Currently, it is still in a downward correction trend.
Ethereum has been declining from the resistance around 3420, finding some support and rebounding near 3210, but there are currently no signs of a decline. It has already reached the key support level for Ethereum around 3050. From the 4-hour chart, if it doesn't recover above 3100 by 4 o'clock, this wave of decline will not stop, and it will further test the support near 2950.
The sudden drop in the market has dealt a blow to those friends who have regained confidence, which is also the reason why one should not rush to enter before stabilizing. Altcoins still have no opportunity and require patience to wait.
