🚀The cryptocurrency market fell 1.5% in the past 24 hours, bringing the cumulative weekly decline to 7%. The market is currently in a correction phase and is under short-term pressure. It is recommended to pay attention to macroeconomic data and changes in leverage levels. The main factors contributing to this decline include:
1. Liquidation of high-leverage positions and increased market volatility (recently there have been large-scale liquidations of both long and short positions).
2. Macroeconomic uncertainties, such as expectations of Federal Reserve policy, inflationary pressures, and a stronger dollar, are suppressing risk assets.
3. Concerns about AI-related stock valuations have spilled over into the crypto market (increasing correlation between crypto and tech stocks). Additionally, technological events such as options expiration have amplified price volatility.
💥Margin call alert:
In the past 24 hours, a total of 151,369 people across the internet have been liquidated, with a total of $556 million. Among them, long positions suffered a bloodbath ($369 million), and short positions were not spared either ($187 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 87,001, up 0.58% in the last 24 hours.
Today, the key level to watch for Bitcoin is around 86,600. If it can hold above this level on the 4-hour chart, a rebound may begin. The next resistance levels to watch are 88,000, 89,450, and 90,370.
However, if 86600 is broken, this 4-hour rebound may come to an end. Next, pay attention to the support levels around 85220, 83830, and 82170.
2. Ethereum (ETH): Price around 2922, up 3.36% in the last 24 hours.
Ethereum is currently focusing on the 2870 level. If it can hold above this level on the 4-hour chart, a rebound is expected, with resistance levels around 2964, 3025, and 3062.
If the price falls below 2870, the rebound may be temporarily halted. Support levels to watch are around 2815, 2773, and 2720.
3. BNB: Price around 839, up 0.77% in the last 24 hours.
BNB needs to hold above 840 today for the 4-hour chart to open up room for a rebound, with resistance levels at 853, 866, and 876.
If the price fails to break above 840, the rebound may be limited. Support levels to watch are 829, 818, and 808.
4. SOL: Price approximately 123, up 0.31% in 24 hours.
The key level for SOL is around 122. If it holds above this level on the 4-hour chart, it is expected to rebound towards 126, 130, and 134.
If it fails to break through 122, the short-term rebound momentum may be insufficient, and support areas to watch below include 117, 112, and 109.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.03 trillion, and the total trading volume in the past 24 hours is approximately $159 billion.
The current market sentiment is 17 (extreme fear), indicating extreme pessimism due to weak technicals and panic selling. However, the oversold condition also suggests a potential for market equilibrium. Cryptocurrencies remain closely linked to traditional markets. The $23 billion worth of Bitcoin options expiring this Friday will be a key signal for market volatility. Pay close attention to whether the closing price rises above the $2.96 trillion 7-day moving average; a short-term rebound is highly probable.
Today's Crypto Gainers and Losers List 🔥
📈Top 3 Gainers :
1.F: Price $0.00753, up 30% in 24 hours.
2. RESOLV: Price $0.0802, up 21% in 24 hours.
3. HOLO: Price $0.0685, up 16% in 24 hours.
📉Top 3 stocks with the largest declines :
1. GHST: Price $0.165, down 14% in 24 hours.
2. DOLO: Price $0.03390, down 8% in 24 hours.
3. TNSR: Price $0.0849, down 7% in 24 hours.
✨Performance of other major cryptocurrencies :
Dogecoin (DOGE): Price $0.12570, up 0.67% in the last 24 hours.
Tron (TRX): Price $0.2786, up 0.47% in the last 24 hours.
Cardano (ADA): Price $0.3607, down 0.33% in the last 24 hours.
Hyperliquid (HYPE): Price $23.593, down 2.95% in the last 24 hours.
Avalanche (AVAX): Price $11.70, down 0.43% in the last 24 hours.
Stellar (XLM): Price $0.2107, up 1.20% in the last 24 hours.
Sui (SUI): Price $1.3903, down 0.54% in the last 24 hours.
Chainlink (LINK): Price $12.23, up 0.91% in the last 24 hours.
Hedera (HBAR): Price $0.10666, down 1.52% in the last 24 hours.
Bitcoin Cash (BCH): Price $587.0, up 10.03% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000726, down 2.42% in the last 24 hours.
Litecoin (LTC): Price $75.41, up 0.40% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000382, down 1.04% in the last 24 hours.
Toncoin (TON): Price $1.441, down 1.91% in the last 24 hours.
