The cryptocurrency market started this week with a significant decline. In the past 24 hours, Bitcoin fell by 5%, briefly dropping below the $91,000 mark, reaching a monthly low. Other major cryptocurrencies also experienced a decline: SOL dropped over 16%, Ethereum and XRP fell by 12%, while BNB was relatively 'mild' with a 6% drop. Over 90% of the tokens in the top 100 by market capitalization experienced losses.
In the last 24 hours, the total liquidated amount in the crypto market exceeded $950 million, mainly from long positions, with over 310,000 people liquidated globally.
The daily chart shows that the price is currently in a consolidation phase, with the fluctuation range confined within a clear range (the blue rectangle area in the upper image). This pattern indicates that the market is in a stalemate between bulls and bears, with neither side having a clear advantage.
The key resistance levels are in the range of $100,000 to $103,787. Breaking through this level could trigger a new round of upward movement, with targets looking towards $108,734 to $110,266. On the other hand, the short-term support level is in the range of $96,484 to $97,065. If it falls below this level, it may trigger more selling pressure.
$84,773 is a crucial long-term support level. If the price retraces to this area, it may attract buying interest.
Regarding potential market direction, if the price falls below $96,000, it may indicate increased selling pressure, leading to further declines in the $89,533 to $85,000 area, and possibly breaking below the 200-day moving average, triggering a deeper correction. If it breaks above $103,787, it may trigger a continuation of the upward trend, with targets looking towards $108,734 and $110,266, and it could even break $120,000 to set a new historical high.
#币安HODLer空投SHELL #币安Alpha上新 #比特币价格走势分析 #Infini遭攻击 #Strategy增持比特币 $BTC $ETH $XRP
In the last 24 hours, the total liquidated amount in the crypto market exceeded $950 million, mainly from long positions, with over 310,000 people liquidated globally.
The daily chart shows that the price is currently in a consolidation phase, with the fluctuation range confined within a clear range (the blue rectangle area in the upper image). This pattern indicates that the market is in a stalemate between bulls and bears, with neither side having a clear advantage.
The key resistance levels are in the range of $100,000 to $103,787. Breaking through this level could trigger a new round of upward movement, with targets looking towards $108,734 to $110,266. On the other hand, the short-term support level is in the range of $96,484 to $97,065. If it falls below this level, it may trigger more selling pressure.
$84,773 is a crucial long-term support level. If the price retraces to this area, it may attract buying interest.
Regarding potential market direction, if the price falls below $96,000, it may indicate increased selling pressure, leading to further declines in the $89,533 to $85,000 area, and possibly breaking below the 200-day moving average, triggering a deeper correction. If it breaks above $103,787, it may trigger a continuation of the upward trend, with targets looking towards $108,734 and $110,266, and it could even break $120,000 to set a new historical high.
#币安HODLer空投SHELL #币安Alpha上新 #比特币价格走势分析 #Infini遭攻击 #Strategy增持比特币 $BTC $ETH $XRP
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BTC
103,639.3
+0.71%
ETH
2,628.9
+6.51%
XRP
2.6044
+4.15%