🚀In the past 24 hours, the cryptocurrency market rose slightly by 0.4%, showing a slight rebound overall, but with significant volatility following a previous sharp correction due to geopolitical factors. Analysis of the reasons:
1. Technical Analysis: BTC held the key support level of 66,000 and rebounded from its lows. The surge in Altcoin such as Algorand and Render boosted market sentiment, and the liquidation of leveraged short positions reduced selling pressure, leading to a technical rebound.
2. Regulatory and institutional support: Regulatory policies such as the Clarity Act provide long-term support, although their short-term impact is not significant; ETFs and institutional funds, as well as demand for stablecoins, provide support.
3. Oversold macro sentiment correction: While the direction of oil prices, US stocks, and Fed interest rates remains uncertain, they have not triggered a concentrated sell-off.
💥Margin call alert:
In the past 24 hours, a total of 145,448 people across the internet have had their positions liquidated, with a total liquidation amount of $281 million. Long positions were liquidated for $146 million and short positions for $136 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 66,811, up 0.24% in the last 24 hours.
Bitcoin's key level to watch today is 67140. If it can hold above this level, a rebound on the 4-hour chart is expected. Resistance levels to watch are around 68900, 70100, and 71810.
If the price fails to break through 67140 today, it indicates that the minor rebound lacks momentum and the price will continue to decline. Support levels to watch are around 65500, 64000, and 62420.
2. Ethereum (ETH): Price around 2064, up 0.74% in the last 24 hours.
Ethereum is currently targeting the 2070 level. Only if it can hold above this level will a rebound begin on the 4-hour chart. Resistance levels to watch are around 2160, 2200, and 2250.
If the price fails to break through 2070 today, it indicates that the minor rebound lacks strength and the price will continue to fall. The next support levels to watch are around 2020, 1980, and 1936.
3. BNB: Price around 586, down 0.61% in the last 24 hours.
BNB is currently targeting the 581 level. If it can hold above this level, a rebound is expected on the 1-2 hour chart, with resistance levels around 597, 610, and 622.
If the price breaks below 581 on the 1-2 hour chart today and fails to recover, it indicates the end of this rebound and a continued decline is likely. Support levels to watch are around 572, 560, and 545.
4. SOL: Price approximately 79, up 0.76% in the last 24 hours.
Today, we're watching SOL at 78.5. If it can hold above that level, a rebound will begin on the 1-2 hour chart, with resistance levels around 80, 82, and 85.
If the price breaks below 78.5 in the 1-2 hour timeframe today and fails to recover, it indicates the end of this rebound and a continued decline is likely. Support levels to watch are around 77, 72, and 67.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.36 trillion, and the total trading volume in the past 24 hours is approximately $9.2 billion.
The current market sentiment is 10 (extreme fear), indicating widespread fear and a defensive trading pattern. Although funding rates have rebounded somewhat, showing a slight stabilization signal, overall sentiment remains subdued and cautious. The key focus over the next 24-48 hours will be on perpetual contract funding rates: a continued rise indicates strengthening bullish momentum and a potential shift in market sentiment.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. CTSI: Price
0.1476, a 47% increase in 24 hours.
3. ONG: Price
0.1889, down 79% in 24 hours
2. BANK: Price
0.00747, down 24% in 24 hours
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price
0.3149, down 0.22% in the last 24 hours.
Cardano (ADA): Price
35.756, up 1.88% in 24 hours.
Avalanche (AVAX): Price
0.1657, up 1.10% in 24 hours.
Sui (SUI): Price
8.71, up 1.87% in 24 hours.
Hedera (HBAR): Price
444.4, up 0.52% in the last 24 hours.
Shiba Inu (SHIB): Price
52.83, up 0.69% in 24 hours.
Pepe hiba Inu (PEPE): Price
1.255, up 3.12% in 24 hours.
