🚀In the past 24 hours, the cryptocurrency market rose slightly by 0.03%, showing a mild recovery trend overall, but volatility is high and there may still be a risk of correction in the short term.
1. Main reasons: Improved macroeconomic environment, slight rebound in global risk appetite, optimistic market expectations for possible interest rate cuts by the Federal Reserve and easing of geopolitical tensions, and some funds flowing into the crypto market.
2. Secondary factors: Technical rebound, many people "buy on dips", coupled with the recovery of futures positions, the entry of leveraged funds, and the push from short covering. This is common during periods of low volatility when prices encounter support levels.
3. Short-term Market Outlook: Trading volume has been gradually picking up recently, with Bitcoin's market share stabilizing at 58-60%. There haven't been any major regulatory or black swan events, so the market has naturally rebounded. However, there aren't any particularly strong catalysts right now, such as large ETF inflows or favorable policies. Going forward, we should mainly focus on macroeconomic data such as trading volume, inflation, and interest rates, as well as the fund flows of Bitcoin ETFs.
💥Margin call alert:
In the past 24 hours, a total of 62,904 people across the internet have had their positions liquidated, with a total liquidation amount of $222 million. Long positions were liquidated for $141 million, and short positions for $81.2162 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 77416, up 0.78% in the last 24 hours.
Bitcoin is expected to rebound on the 4-hour chart as long as it doesn't fall below 76,000 after a pullback. Short positions can be short in batches at 77,800, 79,500, and 81,060.
This rebound will only truly end if the 4-hour candlestick closing price falls below 76,000. Consider long again around 74,300, 72,280, and 70,600.
2. Ethereum (ETH): Price around 2108, down 0.51% in the last 24 hours.
If Ethereum retraces to 2085 today and doesn't break through, it will continue to rebound on the 4-hour chart. Short positions short in batches at 2150, 2195, and 2230.
The rebound will only end if the closing price falls below 2085 within 4 hours. Consider placing buy orders around 2045, 2007, and 1970.
3. BNB: Price around 660, up 0.84% in the last 24 hours.
If BNB holds above 651 today, the 4-hour chart short a continued rebound. Consider shorting in batches at 664, 677, and 690. Only if the 4-hour close breaks below 651 will the rebound end, and long positions can be initiated around 643, 634, and 623.
4. SOL: Price around 86, down 0.08% in 24 hours.
Today, SOL is expected to retest 84.8 without breaking it, and continue its rebound on the 4-hour chart. Short positions can be short in batches at 87, 89.5, and 91.6. Only a close below 84.8 on the 4-hour chart will signal the end of the rebound, at which point long positions can be initiated near 83.3, 81.3, and 79.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.65 trillion, and the total trading volume in 24 hours is approximately $8 billion.
Current market sentiment is at 40 (fear), technical indicators show oversold conditions, social media is leaning towards optimism, and both the Fear & Greed Index and RSI suggest a potential rebound with even a little buying interest; however, the market is still quite fragile. The problem is that ETFs are still experiencing outflows, and the pessimistic outlook on price structures makes the market prone to tension.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. NIL: Price
17.420, up 28% in 24 hours
3. MITO: Price $0.04310, up 18% in 24 hours.
📉 Top 3 decliners:
1. ATA: Price
0.00333, down 14% in 24 hours
3. PHB: Price $0.059, down 10% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.10298, up 0.07% in the last hour.
Tron (TRX): Price $0.3661, up 0.77% in the last 24 hours.
Cardano (ADA): Price $0.2433, down 1.10% in the last 24 hours.
Hyperliquid (HYPE): Price $62.44, up 1.83% in the last 24 hours.
Avalanche (AVAX): Price $9.293, down 0.64% in the last 24 hours.
Stellar (XLM): Price $0.1489, up 0.40% in the last 24 hours.
Sui (SUI): Price $1.0461, down 1.16% in the last 24 hours.
Chainlink (LINK): Price $9.511, down 0.68% in the last 24 hours.
Hedera (HBAR): Price $0.08913, down 0.65% in the last 24 hours.
Bitcoin Cash (BCH): Price $350.3, down 0.88% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000563, down 0.18% in the last 24 hours.
Litecoin (LTC): Price $52.96, down 0.88% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000361, up 0.01% in the last 24 hours.
Toncoin (TON): Price $1.824, up 1.73% in the last 24 hours.
