This wave of Bitcoin has really dropped hard, from 97800 all the way down to 87200, with a pullback of over ten thousand points directly causing panic in the market. Many people probably panicked and sold at a loss.
But to be honest, yesterday it touched 91200 and Ethereum at 3019, the support seems to have stabilized— the daily upward channel hasn’t broken at all. The previous two pullbacks after hitting 94000 and 98000 were just small consolidations; this time the deep squat is more significant, and the rebound will be stronger!
If another low point appears today, that would be a money-making opportunity! Bitcoin 89400-89700, Ethereum 2930-2980, gradually building a medium-term position, with a target directly looking at 100000-102000, 3480-3550.
However, this process will definitely be tough, back and forth consolidation is inevitable, and both mentality and position must hold up. It is recommended to use funds of over 20000 USDT for medium-term investments, don’t go heavy on bets; steady and gradual is the way to capture this rebound profit!