What is happening now?
Do you feel that the digital market is going through a period of tension? 🤔
The total market value of cryptocurrencies has slightly declined, around 0.6-0.8% over the last 24 hours. 📈
Most major cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, Dogecoin... are showing losses. 💔
There is a resistance range around $118,000**, and it has dropped to $115,600 - $116,600 after an attempt to rise. 🚀📉
Investor sentiment is fluctuating: there are profit-taking operations, and some anxiety awaits major events like interest rate decisions. 🤯
### 🧠 Possible reasons for the market today
Here are the main drivers that may explain this drop:
1. Profit-taking after a previous rise
The market has seen strong rises recently, especially after the interest rate cut by the U.S. Federal Reserve, which has allowed some investors to take advantage of the opportunity and sell for profits. 💸
2. Technical resistance
Bitcoin faces strong resistance around the level of ~$118,000. When the price fails to break through this level, it is often followed by a temporary correction. 🧩📉
The absence of strong new catalysts
With the lack of major news or the absence of recent positive surprises, investors tend to take a cautious stance, increasing tension in the market. 🌪️
### 🌈 What awaits us in the future?
The digital market is going through a period of balance, and corrections may return with the emergence of new events or changes in financial policies. 🧭
Are you feeling anxious? 🙋♂️
Or are you looking for new investment opportunities? 💼
Anyway, remember that the market is constantly changing, and we need to stay informed and patient. 🌟
