OTHERS Review and Future Movements Yesterday's drop in Bitcoin was still within an acceptable range (102, a position I mentioned back in August), but due to the responsibilities of certain institutions, the altcoin spikes were particularly severe. OTHERS spiked down to a low of 156b yesterday and has currently recovered to the 260b range. What kind of position is 156b? It is very close to last year's low of 150b on August 5. It is also the third touch of the extended line connecting the two lows at the end of December 2022 and June 2023. This week, OTHERS opened at 316b, so it almost instantly dropped 50% ("evaporating" $150 billion in market value). 150b, to put it bluntly, I believe should be near the bottom of next year's bear market. It can be noted that the altcoin bottom in 2022 was below 2 times vegas (deep green), and the 156b we touched also meets this requirement. At the same time, the end of December 2022 and June 2023 were also within the "bear market" range, so the line I drew is actually the "bear market support line." A deeper "bear market support line" is the extended line connecting March 2020 and December 2022, which is currently positioned at 130b. Thus, a rather absurd situation has arisen, where in the week after Bitcoin's new high, OTHERS dropped to the bear market support line. Originally, OTHERS was supposed to stop falling around 280b, a parallel bottom tested multiple times in September. The next support is at 260b, the extended position of the weekly MA100 and the bottom line connecting April 7 and June 22. In fact, it did not follow the plan. What will OTHERS' movements look like next? First, let's discuss the closing issue. At the weekly level, I believe a noteworthy closing position is currently at the weekly MA100 at 257b. If it closes above the weekly MA100, technically the bulls still dominate. At the daily level, it has already pierced through all moving averages and is operating below them. It seems to be supported by the diagonal trend line from April 7 to June 22. At the daily level, there is a possibility of a rebound to 300b to fill the daily FVG. However, it needs to quickly recover to at least 280b in the short term for the possibility of a continuation of the daily bullish trend. Secondly, there is the issue of the spike recovery. Yesterday, at the daily level, OTHERS had a 37% lower shadow, and this shadow's depth exceeded 519 (28%), February 3 (around 20%), marking the deepest single-day spike since 2020. If we follow the patterns of 519 and February 3, the subsequent spike will completely recover, meaning we may test the 156b position again. However, the past two spikes were due to macro reasons, while this one was due to an exchange error, so whether it will happen again is still unknown (especially in extreme positions like SUI 0.5 and XRP 1). Assuming a 50% recovery of the spike (which typically happens to BTC), then the altcoin will likely test around 200b. If there is no recovery, then 247b could be the mid-term lowest position. Looking purely at the chart, the variables can be significant; a 37% spike is a rare case in history. No recovery of the spike = 247b is the low point, followed by a recovery and upward trend (best-case scenario). 50% recovery = 200b is the low point, meaning the altcoin may test half of the spike downwards before recovering, indicating a potential downward test of 20%. Complete recovery (519/February 3 scenario) = the altcoin continues to decline to 156b (a further drop of 40%) to reach the bottom. Combining BTC, ETH, and SOL analysis, if BTC and ETH test half of the spike downwards (107000, 3630), the altcoin may show a possibility of "downward testing, but not reaching 50%", meaning finding a second test bottom between 247-200. It can be seen that the weekly OB is between 244-221b, indicating that during the second test, the altcoin may drop about 10%. Combining the movements of BTC and ETH, this may be the most logical outcome. However, due to the unprecedented depth of this spike, anything more outrageous could also happen next. I believe the major support for Bitcoin is still around 98000. If this level does not break, we cannot talk about a bear market too early. If OTHERS continues to consolidate, perhaps the top time will be delayed to 2026 instead of this year (the impact of this drop is too far-reaching). This article is sponsored by #BCGAME | @bcgame @bcgamecoin.