This morning, the crypto market continues to witness a dominance of red, especially in large coins like Bitcoin (BTC), Ethereum (ETH), and many other altcoins. However, the USUAL coin stands out with significant growth. This is a time for investors to be cautious and closely monitor to make reasonable decisions.
1. Highlighted market situation:
• Bitcoin (BTC): Currently trading at 97,549.9 USD, down -3.16% in the last 24 hours.
• Ethereum (ETH): Recorded a sharper decline, at 3,426.49 USD, down -6.07%.
• Notable altcoins:
• DOGE (Dogecoin): Dropped sharply -12.27%, now at 0.31539 USD.
• 1000PEPE: Continues to plummet, down -12.01%, currently at 0.0171644 USD.
• USUAL: Going against the trend with an increase of +36.72%, reaching 1.4174 USD.
2. Quick analysis:
• Bitcoin (BTC):
• BTC is testing an important support area at 97,000 USD. If it cannot hold this level, the likelihood of a deeper decline is very high.
• RSI signal: Currently showing an oversold area, the possibility of a short-term rebound still exists.
• Ethereum (ETH):
• With the current sharp decline, ETH needs to hold the support at 3,400 USD to avoid a deeper downward trend.
• Strong selling pressure is still dominating the market.
• Altcoins:
• USUAL shows attraction from speculative cash flow, but investors need to be careful with high volatility.
• DOGE and 1000PEPE are under strong selling pressure, indicating weak market sentiment.
3. Advice for investors:
• Stay calm: Avoid emotional trading decisions, especially when the market is volatile.
• Monitor support areas:
• BTC: 97,000 USD.
• ETH: 3,400 USD.
• Limit leverage: Avoid using high leverage during this period to reduce the risk of losses.
• Only trade when there is a clear plan: Don't rush to participate in hot coins without a strategy.
4. Conclusion:
The market this morning is testing investors' patience. This is a time when you need to be cautious, closely monitor, and focus on data-driven decisions rather than emotions. Stay tuned for more important updates throughout the day!$BTC
$What do you think about the market developments this morning? Share your views!