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Today's early market analysis;
Bitcoin fluctuated repeatedly yesterday, one moment it was a celebration everywhere, the next moment it was doom and gloom. The rebound continues to weaken, currently breaking below 97300 and failing to recover, even dropping below 96000, now oscillating around 95500. The lower level of 94500 is being challenged again, and if it cannot be quickly reclaimed above 96000, then Bitcoin's further dip to 94500 might not hold. If it breaks below, it could drop to the 93500-92500 range, currently moving in a stair-step pattern washing out positions. ETH and SOL won't be discussed much today, both have entered an adjustment phase, especially SOL which has long been weak. ETH is facing strong resistance in the 38500-3900 range and will definitely not break through temporarily. Let's talk about other public chains that have the chance to catch up in gains. This morning I woke up to see LINK actually surged, breaking through 20 dollars, LTC is at 130, and ADA also broke 1 reaching 1.27. The crazy catch-up in the past few days has been for old-value coins, which were basically ignored at the beginning of last month as everyone chased meme coins. So, the following few are worth paying attention to: for instance, SSV to see if it can stabilize above 30 dollars, COW to see if it can hold 0.4 dollars, RUNE to see if it can break the previous high of 6.6 dollars, ETHFI to see if it can break the pressure in the 2.7 range, and whether OP can stabilize at 2.4 and start a catch-up. These are all coins in the DeFi sector that still have opportunities for catch-up, so everyone keep an eye on them and find suitable positions to place orders waiting for Bitcoin to take a spike. Friends who like my posts can help share, thank you!!!