Altcoins

Overall trend: Last Friday's significant pullback in BTC led to the liquidation of long positions, and today altcoins generally increased selling pressure, with a drop of over 30% in just two days. #币安MOVE开盘

Some altcoins have returned to the starting point of the bull market in the second half of this year, and some currencies have already retracted by 50%. The current prices can be seen as potential bottom-fishing opportunities.

However, since BTC and ETH are still in the adjustment phase, market panic sentiment is widespread, so it is advised to remain rational and wait for signs of market bottoming before making decisions.

Observations on some currencies:

WLD: The price once dipped to 2.45, with support at around 2.2; it is advised to pay attention to the rebound at this level.

NEIRO: The current price is close to the bottom, but a large bearish candle appeared today, which may break the current support level; it is advised to wait and see for now.

SAND: Once fell to 0.6, nearing the bottom support level; it is necessary to observe whether this support holds before re-entering. XRP: Broke below the recent support level of 2.2, currently focusing on the 1.8 support area.

Currently, the market sentiment is bearish, especially during the pullbacks of BTC and ETH, leading to increased selling pressure on altcoins. In the short term, stability must be maintained, and important operations should be conducted after the market stabilizes.

#币安HODLer空投MOVE #APT、ADA、ENA大额解锁 #SUSHI价格飙升 #PEPE市值新高

I am a long-term bear; if you currently do not know how to position yourself, feel free to reach out to me for discussion!