🚀The cryptocurrency market rose 0.89% in the past 24 hours, largely in line with the modest 1.79% gain this week, but still 2.32% below the 30-day high. Key factors supporting the market's rise include a positive technical reversal, reduced leverage risk, and sentiment-driven inflows.
1. Technical reaction (positive) - The reversal of the oversold RSI and MACD indicates a shift in short-term momentum.
2. The derivatives market is cooling down (mixed news) – Open interest decreased by 10.53%, reducing the risk of a squeeze, but financing rates rose.
3. Binance Dominance (Positive) – The story of the Binance ecosystem (up 0.94% in 24 hours) and ETF inflows balanced the cautious sentiment in the overall market.
💥Margin call alert:
In the past 24 hours, a total of 75,182 people across the internet have been liquidated, with a total of $133 million. Among them, long positions suffered a bloodbath ($67.9206 million), and short positions were not spared either ($64.6419 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 87,809, up 0.94% in the last 24 hours.
Bitcoin is firmly targeting the 87,400 level today! If it can hold above this level, the 4-hour rebound will continue. Key resistance levels to watch are 88,230, 88,920, and 89,600 – a series of breakthroughs would be incredibly rewarding!
However, if the closing price falls below 87400 in 4 hours, this rebound will be over, and the next support levels to look for are 86360, 85260, and 83830.
2. Ethereum (ETH): Price around 2939, up 0.23% in the last 24 hours.
Ethereum's key level today is 2934. If it holds above this level, the rebound will continue. The resistance levels above are 2934, 2987, 3025, and 3078. We'll see how they are conquered one by one!
If the 4-hour closing price falls below 2934, the rebound will be shattered, and the support levels below are 2887, 2850, and 2810, be prepared for a potential sharp drop.
3. BNB: Price around 843, up 0.43% in the last 24 hours.
BNB's 842 level is the key level for today's bulls and bears. If it holds above this level, a rebound will begin, with upside targets at 853, 861, and 870. The outlook is bullish!
A drop below 842 would be disastrous. Support levels are at 835, 820, and 801. Be prepared for further downward movement.
4. SOL: Price approximately 122, up 0.62% in 24 hours.
The 123 level is extremely important for SOL today. If it holds, it will rebound and continue to rise. The resistance levels above are 124, 126, and 128, which are just around the corner!
If the 4-hour closing price falls below 123, the rebound will have failed. Support levels are at 120, 117, and 112. Be careful not to choose the wrong side.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.96 trillion, and the total trading volume in the past 24 hours is approximately $80 billion.
Current market sentiment is at 25 (fear), indicating generally low market sentiment and a prevalence of risk aversion. However, derivatives data shows that leverage is declining. A rise in the Fear & Greed Index above 40 would signal a significant market recovery. Furthermore, Bitcoin's market share is also worth noting; a drop below 58% could indicate that funds are shifting to other cryptocurrencies.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. BIFI: Price $368.2, up 246% in 24 hours.
2. ZBT: Price $0.1277, up 39% in 24 hours.
3. BANANA: Price $7.78, up 30% in 24 hours.
📉 Top 3 decliners:
1. RARE: Price $0.0218, down 8% in 24 hours
2. ANIME: Price $0.00907, down 6% in 24 hours.
3. BANK: Price $0.0441, down 5% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.12787, up 0.38% in the last 24 hours.
Tron (TRX): Price $0.2802, down 0.85% in the last 24 hours.
Cardano (ADA): Price $0.3590, up 0.62% in the last 24 hours.
Hyperliquid (HYPE): Price $24.678, up 4.06% in the last 24 hours.
Avalanche (AVAX): Price $12.21, up 1.75% in the last 24 hours.
Stellar (XLM): Price $0.2139, down 0.14% in the last 24 hours.
Sui (SUI): Price $1.4087, up 0.14% in the last 24 hours.
Chainlink (LINK): Price $12.29, up 0.66% in the last 24 hours.
Hedera (HBAR): Price $0.11183, up 2.46% in the last 24 hours.
Bitcoin Cash (BCH): Price $574.2, up 0.02% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000724, up 3.13% in the last 24 hours.
Litecoin (LTC): Price $76.50, up 0.68% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000401, up 3.08% in the last 24 hours.
Toncoin (TON): Price $1.529, up 4.37% in the last 24 hours.
