🚀The cryptocurrency market rose slightly by about 0.61% in the past 24 hours, mainly driven by buy the dips and short covering. The pressure from leveraged liquidations eased, and there was no panic selling. Overall, the market saw a moderate rise or remained flat. The reasons for this rise are as follows:
1. BTC continues to follow the safe-haven logic. In March, tensions in the Middle East put pressure on traditional assets, and funds turned to Bitcoin as a digital gold safe haven. Oil prices and news of negotiations also supported market sentiment.
2. Marginal improvement in institutional funding: Although there has been outflow from spot ETFs, long-term institutions are still positioning themselves and accumulating shares at low levels, providing a floor for the market, but not the kind of strong rally seen in a major bull market.
3. Macroeconomic stability with no new negative factors: Expectations of a Fed rate cut and US Treasury yields remained relatively stable, and there were no major negative regulatory announcements. Low liquidity over the weekend and cautious fund replenishment led to a slight increase.
💥Margin call alert:
In the past 24 hours, a total of 62,825 people across the internet have had their positions liquidated, with a total liquidation amount of $231 million. Long positions were liquidated for $118 million and short positions for $113 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately $67,310, up 0.12% in the last 24 hours.
Bitcoin is currently focused on the key level of 67,000. If it retraces to this level on the 4-hour chart and holds, it will likely continue its rebound. Resistance levels are at 68,800, 70,100, and 71,500.
If the price falls below 67,000 and fails to recover, the rebound will be short-lived. Support levels below are: 65,500, 64,000, and 62,420.
2. Ethereum (ETH): Price around 2050, up 0.24% in the last 24 hours.
Ethereum is currently focused on 2035. If it doesn't break below this level on the 4-hour chart, it will likely continue its rebound. Resistance levels to watch are 2087, 2121, and 2160.
If the price falls below 2035 and fails to recover, the rebound will be over. Support levels: 1980, 1936, 1893.
3. BNB: Price around 610, down 0.89% in the last 24 hours.
BNB is currently trading around 613; a rebound is expected only if it holds above this level on the 4-hour chart. Resistance levels are at 622, 631, and 643.
If the price falls below 613 and fails to hold, the rebound will have failed. Support levels: 605, 592, 576.
4. SOL: Price around 82, down 0.96% in the last 24 hours.
Today, pay attention to 83 for SOL. If it doesn't break through in 4 hours, it will continue to rebound. Resistance levels are 85, 88, and 90.
If the price falls below 83 and fails to recover, the rebound will falter. Support levels: 81, 78, 76.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.4 trillion, and the total trading volume in the past 24 hours is approximately $93 billion.
The current market sentiment is 12 (extreme fear). Although it has risen slightly from yesterday, market sentiment remains very poor, with widespread panic, heated online debates, and money flowing towards safer assets. Only when the index stabilizes above 40, returning to the neutral range, will market sentiment truly recover and risk appetite pick up.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1.G: Price 0.00444, up 30% in 24 hours.
2. KERNEL: Price 0.0893, up 27% in 24 hours.
3. ONT: Price 0.08407, up 18% in 24 hours.
📉 Top 3 decliners:
1. SXP: Price 0.0040, down 21% in 24 hours.
2. TWT: Price 0.3572, down 18% in 24 hours.
3. CETUS: Price 0.05062, down 18% in the last 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price
0.3212, down 0.37% in 24 hours.
Cardano (ADA): Price
36.617, down 4.82% in 24 hours.
Avalanche (AVAX): Price
0.167, down 1.18% in 24 hours.
Sui (SUI): Price
8.71, up 0.58% in 24 hours.
Hedera (HBAR): Price
469.0, up 3.51% in 24 hours.
Shiba Inu (SHIB): Price
53.86, up 0.13% in the last 24 hours.
Pepe hiba Inu (PEPE): Price
1.233, down 0.73% in 24 hours.
