Thursday midday Bitcoin/Altcoin Market Update

From the current market situation, the bearish factors have caused Bitcoin to plummet from 98,000 all the way down to 71,600, leaving no room for hesitation. A panic selling phenomenon has now formed, and the key focus is whether the 70,000 level can hold this downward pressure. For altcoins, pay attention to the 2,000 level as well; today’s overall position is just about holding the support.

Personal suggestions:
Bitcoin can decline southward around 73,500-74,500, with targets at 71,000-70,000, and a further breakdown could see it dropping to 68,000.

Altcoins can decline southward around 2,180-2,200, with targets at 2,100-2,050.