One, current market situation.
1. The direct cause of this round of plummet is the escalation of the Middle East conflict (Israel bombed Iran's nuclear facilities), resulting in 500,000 long positions being blown in 24 hours.
2. Altcoins are also plummeting, mainly due to a lack of money in the market (trading volume is at a 4-year low).
Two, will it get worse?
In the short term (within a week), it may stabilize for the following reasons:
1. The Middle East conflict is 'a performance': the U.S. has preemptively leaked information, and Iran is also cooperating in this 'performance', as both sides do not want to actually fight.
2. Iran says it will block the oil strait (Hormuz), but it is difficult to execute in reality (it would trigger global inflation).
3. On-chain data: 98% of positions are already in loss, further declines are not very meaningful.
Three, has the bull market ended?
Impossible! Because:
1. The U.S. must lower interest rates: daily national debt interest is 3.1 billion USD, which is unsustainable.
2. Big funds haven't run away: large holders with more than 10 bitcoins have not sold off in large quantities, and ETFs are still seeing net inflows.
3. The market has leveled out: project teams have no money to support prices, which is more suitable for large funds to buy the dip.
Four, specific operational suggestions.
1. If it drops to around 97,000, you can start buying in batches.
2. Those panicking now are leveraged players and altcoin holders, which is actually an opportunity.
3. Remember: coming to the crypto world is betting on the future, and the certainty is currently very high.
Five, key reminders.
1. Don't be fooled by talk of 'the end of the bull market'.
2. Prepare funds and wait for a bottom probe (quick drop and then pull back).
3. Next is to buy at low positions.
Summary: the drop is an opportunity, prepare to buy the dip, hold on and wait for subsequent trends. The Middle East conflict is a short-term disturbance and does not change the long-term trend.
BTC
At the daily level, 96900-93400 is the layout area! Upper target area 104980-108950!
Short-term support is 99760-99000, short-term pressure is 102000-102500!
ETH
The daily level range 2060-1977 is a layout area, with defense at 1820-1750! Target pressure 2510-2680!
Short-term support is around 2200, pressure is around 2300!
SOL
The daily level layout area 134-124 has been reached! Target pressure 150-158!
Short-term support is around 130, short-term pressure is around 136!
The information and data involved in the content come from publicly available materials, aiming for accuracy and reliability, but do not guarantee the accuracy and completeness of the information. The content does not constitute any investment advice, and any investment made based on it is at your own risk!
