In recent days, BTC and the entire cryptocurrency market have been falling. Are you feeling a bit anxious?
It's normal for the market to go up and down; the key is to analyze calmly and not panic every time there's a drop. We need to be rational! Yesterday, there was big news that the U.S. government is going to sell BTC from Silk Road, and the market immediately panicked, leading to a surge of short-term fear. Additionally, the market had risen too sharply before, and now it is in a correction phase. Some funds have also withdrawn to avoid risks before the new administration.
So what to do next? Will BTC continue to fall? What to do if the contracts are stuck? Let's review this together; it’s just for fun and does not constitute any investment advice.
$BTC is expected to adjust between 91000 and 96500. Looking at the K-line, it feels like it's about to adjust. But looking at the funding rate being negative, most people have turned bearish, so it might still drop a bit more. However, the K-line has already shown two spikes; the downside space is limited now. Besides, we are in a bull market, so even if it drops deeply, it will bounce back quickly. Below 93000 is all opportunity, so we should try to seize it as much as possible.
Let’s also talk about $BNB , which is expected to consolidate between 680 and 720. It’s quite resilient! Why? Because there is value support! In the short term, the platform token sector has become a safe haven.
Also, $ETH is expected to fluctuate between 3100 and 3550. Yesterday it moved similarly to BTC, but in the later part of the night, it dropped again. Its volatility range will narrow a bit next. Among mainstream coins, its 200-day moving average is relatively high.
Today, I want to highlight a few key tokens: wld, sol, sui, apt, lpt, xrp, bnb, link, aave, ena. I think these are good choices for bottom fishing right now.
Whether you want to double your investment, get out of being stuck, or just want to break even, you’ve come to the right place!
