Last night the market dropped badly! ETH fell over 11% overnight, with 240,000 people liquidated for a total of 1.14 billion.
Last night's market was terrifying! ETH dropped over 11% in one night, with a total of 246,596 people liquidated globally, amounting to 1.14 billion dollars. The largest liquidation occurred in Binance's BTCUSDT contract, valued at 201 million dollars.
This drop was mainly due to the Middle East. The global market has become uncertain, and everyone is buying gold and other safe-haven assets, selling off high-risk cryptocurrencies, which is why our coin market is also suffering.
BTC: From the daily chart, it looks like it's about to break out of an M-top, the position at 100,800 is crucial. If it falls below, many people will panic sell, and it could drop down to around 94,000. The current price doesn’t seem to have fallen through yet; this wave of decline is mainly because of the conflict causing funds to seek safety.
I had been keeping an eye on ETH's price at 2720, but after it broke through in the early morning, it dropped directly to 2450, a 10% fall! Now no one is saying it’s resistant to declines anymore. Support for ETH is now around 2400.
As usual, today's market analysis is complete, let's see today's hot topics.
#RICO
Xianxian shared it with Baozi at the first moment yesterday, and the narrative has been upgraded. Old Ma's comments represent not just an animal but a spirit. Musk + politics + animal attributes are unbeatable.
I have a strong feeling that this will be the big money maker of the month. It surged tenfold in 20 minutes! This kind of rise is not the type for million-level coins. Go back and look at RFC and Would, and you'll see that million-level coins typically rise and then level out, with each bottom higher than the last.
If you ask me why I'm so certain, just look at who is at the top of the list.
#SC
Before SC launched, I urged group members to ambush collectively about 3 million, and last night it surged to 8 million, calling for them to take half out. I expect this target to reach between 15 to 20 million, and it has already reached that point, around 6x.
Why did SC suddenly rise? It turns out it was lifted by Aura's cat concept.
Thinking carefully about the reason SC suddenly surged, the key is still Aura is leading the trend. As an old coin restarts, it directly ignited the concept of 'old coin restart.'
Another point is that Aura is focusing on the super cool 'Super Saiyan Cat' IP (it feels like a combination of cats and Super Saiyan), while SC's 'Shark Cat' is said to be the only cat concept coin with intellectual property rights, hence the rebound.
alon
You say the market conditions are poor, but this morning $alon hit a new high. And I tell you the position is at 10 million, alon's trading strategy has its reason, now we just need to see when it breaks the resistance.
