🚀The cryptocurrency market fell 0.56% in the past 24 hours, mainly due to the sharp drop in the prices of some Altcoin and industry concerns.
1. Main reason: A major "withdrawal" event occurred with Yooldo (e-sports) tokens. Insiders sold off 43% of the circulating tokens, causing the token price to plummet by 93% and triggering widespread panic among small-cap investors.
2. Secondary reasons: Decreased demand for major assets such as Ethereum; Ethereum price fell below $2,100. Additionally, a persistent sense of panic pervaded the market, with the Fear & Greed Index declining.
3. Short-term market outlook: If the market holds above the key Fibonacci support level of $2.53 trillion, a rebound to $2.61 trillion is possible. However, a break below this support level could intensify selling pressure, causing the market to fall to $2.42 trillion.
💥Margin call alert:
In the past 24 hours, a total of 82,559 people across the network have had their positions liquidated, with a total liquidation amount of $200 million. Long positions were liquidated for $112 million, and short positions for $87.9483 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 76,888, down 0.68% in the last 24 hours.
Bitcoin is expected to reach 76200 today. As long as the pullback doesn't break below this level, it will continue its upward trend. The upside targets are around 78000, 79500, and 81060, where short positions can be short in batches.
This rebound will only be considered over if the 4-hour candlestick closes below 76200. In that case, you can pay attention to the levels of 74300, 72280, and 70600 and long in batches.
2. Ethereum (ETH): Price around 2099, down 0.46% in the last 24 hours.
Ethereum is expected to reach 2086 today. As long as the pullback doesn't break this level, the rebound is still ongoing. The upside targets are around 2145, 2190, and 2230. Short in batches.
The rebound will only end if the 4-hour closing price falls below 2086. Watch for support levels around 2050, 2010, and 1936, and long in batches.
3. BNB: Price around 659, down 0.30% in the last 24 hours.
BNB is expected to reach 655 today. As long as it doesn't break through this level after a pullback, the rebound will continue. The upside targets are around 673, 690, and 705. Consider short in batches.
The rebound will only end if the 4-hour closing price falls below 655. Watch for support levels around 644, 634, and 623, and long in batches.
4. SOL: Price around 84, down 1.74% in the last 24 hours.
SOL is currently targeting 85.5. Only if the 4-hour chart closes above 85.5 will a rebound begin. Upside targets are around 88, 90.5, and 93.5. Consider short in batches.
If the price fails to close above 85.5 today, it indicates that the small-scale rebound lacks strength. In that case, look for long in batches around 83.5, 81.5, and 79.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.65 trillion, and the total trading volume in the past 24 hours is approximately $867 billion.
The current market sentiment is 39 (fear), indicating widespread caution. The fear index shows a rush to avoid risk, but while online "experts" remain optimistic, retail investors are panicking. Technically, the market is oversold, but there are no clear upward signals yet. Over the next day or two, keep an eye on the fear and greed index to see if it can stabilize above 40 and become "neutral." If it does, the market may stabilize.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. POND: Price
0.0472, up 30% in 24 hours
3. MMT: Price $0.1493, up 18% in 24 hours.
📉 Top 3 decliners:
1. PHB: Price
0.0025, down 20% in 24 hours
3. EDEN: Price $0.0735, down 16% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.10171, down 1.14% in the last hour.
Tron (TRX): Price $0.3750, up 2.18% in the last 24 hours.
Cardano (ADA): Price $0.2420, down 0.53% in the last 24 hours.
Hyperliquid (HYPE): Price $60.41, down 2.90% in the last 24 hours.
Avalanche (AVAX): Price $9.306, up 0.08% in the last 24 hours.
Stellar (XLM): Price $0.1488, down 0.27% in the last 24 hours.
Sui (SUI): Price $1.0391, down 0.57% in the last 24 hours.
Chainlink (LINK): Price $9.523, up 0.03% in the last 24 hours.
Hedera (HBAR): Price $0.08775, down 1.64% in the last 24 hours.
Bitcoin Cash (BCH): Price $351.7, up 0.40% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000555, down 1.60% in the last 24 hours.
Litecoin (LTC): Price $52.61, down 0.53% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000357, down 1.11% in the last 24 hours.
Toncoin (TON): Price $1.901, up 3.94% in the last 24 hours.
