Today's morning analysis;
Bitcoin fluctuated repeatedly yesterday, one moment it was celebrated everywhere, the next moment it was catastrophic. The rebound continues to weaken, having broken below 97300 and failing to recover, even falling below 96000, now oscillating around 95500. The lower level of 94500 is being challenged again; if it cannot recover above 96000 in time, then Bitcoin's further decline to 94500 may not hold. A drop below could lead to oscillation in the 93500—92500 range. Currently, it is moving down the staircase in a form of wash trading.
As for ETH and SOL, I won't say 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, which it surely cannot break through temporarily.
Let's talk about other public chains that have opportunities for a rebound. This morning, I woke up to see LINK surging, breaking through 20 dollars, LTC is already at 130, and ADA has also broken through 1, reaching 1.27. These days, the crazy rebound has been for old value coins that were basically unnoticed at the beginning of last month, as everyone chased meme coins.
So next, these few coins are worth paying attention to, such as whether SSV can stabilize above 30 dollars, whether COW can hold steady at 0.4 dollars, whether RUNE can break the previous high of 6.6 dollars, whether ETHFI can break through the 2.7 range resistance, and whether OP can stabilize at 2.4 to potentially initiate a rebound. These are all coins in the DeFi sector that still have opportunities for rebound, so everyone should pay attention and find suitable positions to place orders, waiting for Bitcoin's spikes to get in. Friends who like my posts can help share it, thank you!!!
