Market Insights 414 Reappears, Can the Market Bounce Back? After breaking the key level of 106300, the market further declined this morning due to Israel's bombing of Iran. Bitcoin dipped down to the 103100 range. Altcoins have basically fallen back to the lows of June 6. Most investors are currently at a greater loss than on June 6 due to increasing their positions in altcoins in between. The FARTCOIN we are mainly observing is still supported above the key level of 1.1u, but most other coins have shown significant retracement. For instance, INIT has broken below its previous low and entered a new low, while AI-related coins like AVAAI have also seen significant declines. This has dashed our hopes of catching a major upward wave after attempting to bottom out on June 6. The recent downward spike (Bitcoin dropping to 103100) was primarily due to the conflict, so we also need to analyze when the fighting might subside. During the last Israel-Iran conflict (414), altcoins experienced a massive drop (which also led to my significant losses, nearly causing liquidation). This time, since altcoins are still relatively low, the anticipated "super drop" has not occurred. Bitcoin has also held up relatively well (supporting around the 103000 range, then rebounding to the 105000 range). Compared to the last drop, the market's reaction to this panic can be considered better (also because altcoins have really dropped to their limits, while Bitcoin has strong buying support preventing it from falling further). If the war escalates further, I believe that if Bitcoin breaks below the support zone of 101500-103000, it may further test the bottom support at 95500, which would be the worst-case scenario. If the war does not escalate further and holds around 103100 without further dips, then after stabilizing, the market will continue to push towards new highs. I believe that every war generally provides us with an opportunity to bottom out; the only difference is whether "this position is the bottom" or if "we need to drop further before it becomes the bottom." Overall, this year's market can be said to be at a hellish difficulty level, especially for altcoins. Perhaps even monthly settlements have become a luxury, and in the future, only "weekly settlements" may have a chance of profitability. This article is sponsored by #BCGAME | @bcgame @bcgamecoin