【Market Shock! How much further can Bitcoin, Ethereum, and XRP fall? Bears dominate, key support about to be tested!】
Geopolitical risks combined with global monetary policy pressures have dealt a double blow to the crypto market! Latest data: total market value plummeted to $3.37 trillion, with the clearing amount soaring to $1.14 billion in just 24 hours! Panic sentiment is rapidly spreading, and top cryptocurrencies are under significant pressure.
Bitcoin (BTC) Trend Analysis
Current Price: $104,777.84, Daily Drop: 2.79%
Trading volume surged to $69.67 billion, signaling panic selling!
Technical Highlights:
RSI 48.85, momentum clearly weakening
Broke below the 20-day moving average of $106,454, bears dominate the situation
Key Support: $101,909, if lost, could see a drop to the $100,000 mark!
Ethereum (ETH) Trend Analysis
Current Price: $2,531.74, Plummeting 7.83%
Trading volume skyrocketed to $39.09 billion, bears continue to exert pressure!
Technical Highlights:
RSI 49.43, slightly weak downward
Currently testing the lower Bollinger Band at $2,404, with key support at $2,336
If broken, it may challenge the $2,200 defense line!
XRP Trend Analysis
Current Price: $2.12, Drop of 5.08%
RSI 41.37, strong selling pressure
Support Focus: $1.9645, if broken, it could touch the $1.85 bottom!
Overall, the market is clearly under bearish pressure, and if the macro environment does not improve significantly in the short term, the risk of further declines remains high! At this moment, defense and risk control are more critical than blindly bottom-fishing. Brothers, stay calm and wait for key signal levels!
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