$EIGEN Yesterday's Decline Reason:
The decline was mainly dragged down by the overall market, with BTC and ETH recently fluctuating around key resistance levels. Market sentiment is cautious, leading to capital outflow from altcoins. Additionally, the U.S. Senate is about to vote on the "GENIUS Act", and regulatory uncertainty has triggered selling pressure. From a technical perspective, EIGEN may be at a short-term high, with some investors taking profits, resulting in a pullback.
Today's Operation Suggestion:
In the short term, it is recommended to wait and see. If the overall market stabilizes and BTC holds above 107,000, a light long position may be attempted; if it breaks below the support level corresponding to EIGEN's recent low, it may continue to decline. The current market lacks a clear direction, and positions need to be controlled.
Bullish/Bearish Factors:
Bullish: If regulatory policies are implemented gently, or if project parties release ecological progress, it may stimulate a rebound.
Bearish: If the overall market continues to pull back, regulatory tightening occurs, or there are negative news from the project parties, such as token unlock selling pressure.
Summary:
Short-term fluctuations are the main focus; don't rush to gamble heavily; wait for a clear direction before entering the market.
Brother Yong will subsequently lead fans into the market, and will privately notify fans of the appropriate timing for entry. Let's help the brothers make a big wave, and those who want to keep up and eat 🎂 should be quick!
Day's Focus: OM SUI SOL FUN BTC
