Another day of gains! #加密货币
【Market News｜October 21】
The crypto market has weakened again, with mainstream coins all in the red (declining).
BTC has once again fallen below $108,000, with short-term support focused on the $106,000 range; ETH has dropped below $3,880, with continuous outflow of funds; SOL and BNB have declined over 3%, while second-tier coins such as XRP and DOGE are also under pressure. Overall sentiment is bearish, but there has not yet been panic selling.
This round of decline is mainly influenced by profit-taking at high levels and short-term leverage liquidation, while stablecoins remain stable, indicating that funds are still observing in the market. Short-term consolidation may continue, and if BTC cannot quickly reclaim $108,000, it may further test the $105,000 support.
Currently, it is recommended to maintain a light position and mainly observe. If a volume recovery appears at the four-hour level, low buying opportunities may be considered. NFA, please pay attention to risk management.