Waking up, the richest man and the president have been arguing all night, but it’s our wallets that are emptied.
Players in the secondary market are lamenting, while on-chain players are frantically chasing trends and hot topics, causing prices to soar. But if we take a step back and look calmly—
In fact, the market has been weak all along; it didn't just start today, it has been weak for several days. Although I personally have not moved my full position, to be honest, it's not because I'm bullish, but after a certain level of decline, people automatically develop an illusion of 'is it time for a surge?'
To be honest, there isn’t much capital active on-chain either; some hot coins can't pull up their volume and prices. However, I'm watching a few projects that I want to bottom-fish—especially those on BSC, surprisingly, they haven't dropped! Why? Because the control is too strong and there are hard institutions behind them, not giving you a chance to get cheap chips.
The current market is both cold and cutting; to survive, one must remain calmer.
Bitcoin has fallen below key support, and the Trump-Musk rivalry intensifies market risk aversion.
In the past 24 hours, affected by macroeconomic tensions and the selling pressure from long-term holders, #Bitcoin once dropped nearly 3%, hitting a low of 100,500 USD, approaching the 100,000 USD mark. Currently, it is reported at about 102,180 USD. Bullish investors have suffered heavy losses, and market sentiment is bearish.
Meanwhile, the public conflict between #Musk and Trump escalates. Musk warned on the X platform that Trump's proposed global tariff plan could trigger an economic recession in the second half of the year. Swyftx analysts believe that the Federal Reserve may delay its easing policy, dragging down economic recovery.
Trump stated on 'Truth Social' that canceling subsidies for Musk-related companies will save the government billions of dollars. Musk once retorted that he would retire SpaceX's Dragon spacecraft, but later retracted his statement.
Will this epic verbal battle continue, or will they soon shake hands and make peace?
Dogecoin is under short-term pressure, and key support and resistance levels need attention.
Currently, the #DOGE price is below 0.1850 and the 100-hour moving average, with the technical aspect showing a downward trend. The hourly chart indicates that DOGE/USD faces a key downward trend line resistance at 0.1880.
Short-term resistance is sequentially around 0.1760, 0.1840, and 0.1880. If it effectively breaks through 0.1880 USD, it is expected to test the 0.20 or even the 0.2050-0.2120 region.
Conversely, if it cannot break through 0.1850, the price may retreat, with initial support at 0.1685 and 0.1650, while the key support level is at 0.1550. If it falls below this level, DOGE may accelerate its decline to 0.1350 or even 0.1320.
That's all for this article! If you are confused in the crypto space, consider joining me to layout and reap the benefits from the market makers!
