The market liquidation amount broke through the 1 billion mark, and the BTC price fell to $95,000!
$ETH , $SOL , $DOGE , these altcoins also suffered from the rain overnight, and the decline directly soared to 8-13%. I was so anxious, and I was asking, when will this callback end?
After the market crashed like this, will the BTC price continue to fall?
Rekt Capital said that according to historical callback data, BTC fell 25% from the high point, that is, to $80,000!
The bearish signal on the weekly chart is really a drumbeat, and the key support level is about to be lost.
The price of Bitcoin has been up and down, and the range of $98,830 to $95,830 has now become a hot commodity in everyone's eyes.
So many wallets are hoarding at this price. Do you think it is important?
However, there is panic in the market. The open interest is dropping rapidly, and the liquidation amount is rising rapidly. However, the Bitcoin Fear and Greed Index is still in the greed zone.
The US dollar index has been advancing all the way, and the market adjustment is expected to continue for some time.
Justin Bennett said that the global liquidity trend is the key. He predicted that if the US dollar index reaches 110.00, it may be a signal of the bottom of cryptocurrency in early 2025.
The altcoin market is also in a state of panic. ETH can't even hold the support level of $3,500 and has fallen directly to $3,346.
The whales are selling so hard that the market is as turbulent as a roller coaster. However, Ted Pillows thinks that $4,000 is just like $1,400 before for Ethereum. It is only a matter of time before it breaks through.
The price of Sol is also terrible, falling directly below the $200 mark. However, Lieutenant Ponzi found a bullish signal on the weekly chart. The range of $165-170 may be the key to the reversal.
Dogecoin also did not escape, plummeting 13.5% to $0.31. It fell by more than 22% in a week, and the liquidation amount reached $55 million.
But BALO still has confidence in DOGE. He thinks that as long as the weekly closing price is higher than $0.26, it can maintain its upward trend.
For the next layout direction, I will lead everyone to aim at the profit opportunities of the copycat. It is no problem to expect more than 10 times the space. Like + leave a message, and take you to layout the entire bull market!
