BTC 69,025(-3.5%) | ETH 2,073(-4.6%) | SOL 86.8(-5.7%) | BNB 631(-2.7%)
Experienced players understand, after a big rise, a drop is inevitable. Today's decline was quite decisive, and the volume hasn't decreased, indicating that the reallocation of positions is still ongoing.
BTC 6.9w has support here; the previous surge above 8w has left many trapped. ETH 2,050 is key; if it breaks, we need to look for a bottom below 2,000. SOL has the most elasticity; it falls sharply but will rebound fiercely, with short-term support at 85.
My opinion: This is not the end of the market; it’s just picking up passengers on the way back. The medium-term trend hasn’t broken; the pullback provides an opportunity for position management. Control your leverage well and don't get carried away.
Short-term resistance: BTC 70,500 / ETH 2,150 Short-term support: BTC 68,000 / ETH 2,050 / SOL 85
A day of comprehensive pullback. BTC broke below 70,000, ETH dropped the most at 2.5%, and SOL and BNB are only around 1 point.
The trading volume is still quite normal, and I haven't seen panic selling. The 68,800 position is relatively critical; if it holds, there is a high probability it can stabilize.
The news is quite lively, Morgan Stanley's BTC ETF has new progress, and the ETF scale in Hong Kong is also increasing. By the way, there have been more hacker incidents recently, so control your positions if you're doing contracts.
Support is at 68,800, and if it breaks below, it may need to return to 66k.
Today's rebound has made the entire community lively, and discussions about hitting $85,000 or even $90,000 are trending on various platforms. Amid this wave of enthusiasm, the discussion around @MidnightNetwork has also risen — after all, when the market warms up, technologies that can truly be implemented will be re-evaluated. $NIGHT 's position in the network incentives and privacy verification mechanisms is becoming increasingly stable, coupled with several developers recently mentioning Midnight's usability, expectations for ecosystem expansion are also becoming clearer. The excitement brought by the market trend does not bring emotions, but rather allows the underlying value of the project to be recognized again. #night