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Bitcoin is still adjusting around 112,000. When it stands above 117,000 can we say the adjustment is over; otherwise, this range is just adjustment time. There is support around 114,000 on the 4-hour chart, but this support is very weak. This week or next week, it may continue to look for support near 110,000. Altcoins currently have upward demand, but they can't be continuously suppressed by the market. As long as the market goes up or stabilizes without falling, altcoins will go crazy and rally, so be patient; it takes time.

Bitcoin has not truly bottomed out yet. The current market conditions are not suitable for trading, so it's best to observe! The market manipulators are really tough, and retail investors are truly struggling in this situation! Currently, it seems that Bitcoin has not reached the strong support level of 110000. If this level is broken, the probability is low, and the bottom could be deeper! Let's first see the situation around 110000 before making any decisions. It's not advisable to go long or short easily right now.