The cryptocurrency market experienced a wild swing on Friday, with Bitcoin (Bitcoin) and Ethereum (Ethereum) suffering pin-drops in early trading, and market sentiment briefly fell into panic, especially when Ethereum prices slightly broke through. When prices are low, it aggravates market tensions. However, as the European session started, the market gradually showed signs of rebound, and after the release of non-agricultural data, the US session further rose, bringing a bit of comfort to investors.

Although mainstream currencies such as SOL were also affected, their overall performance was relatively resilient, without a halved decline, and they achieved a reversal within a single day. However, it is worth noting that although mainstream coins ended up with mixed gains and losses, many altcoins failed to rebound significantly, showing the differentiation and uncertainty within the market.

It remains to be seen whether this decline has hit a bottom. Historical experience tells us that even if the market reaches a bottom, it often needs to go through a bottom-building process to consolidate support and restore investor confidence. Therefore, investors should remain patient and pay close attention to market dynamics.

From a short-term perspective, Bitcoin and Ethereum are facing pressure levels near 60,000 and 3,200. If these resistances can be effectively overcome, the market is expected to rebound further. At the same time, we should also see that although some projects such as ORDI and SATS have experienced considerable declines, there are still many projects in the market showing strong rebound momentum, such as Inscription PIZZA, Rune X, New Coin ZRO, etc. These The performance of the project has undoubtedly given a shot in the arm to the market.

However, we should also be vigilant that some projects such as SATS, RATS and sub-new coins such as MANTA and XAI are still facing greater downward pressure. Therefore, when participating in the market, investors should do risk management and avoid blindly chasing highs or buying lows.

Generally speaking, although the current market is still in volatility, in the short term, it has presented opportunities to buy more as it falls. For investors, they should formulate appropriate investment strategies based on their own risk tolerance, and pay close attention to market dynamics and changes in the fundamentals of each project. At the same time, staying calm and rational is also an important magic weapon to deal with market fluctuations.

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