Opportunities Insights in a Market Decline
As the saying goes, opportunities often arise during downturns.
Firstly, the cryptocurrency market was dragged down by a significant drop in U.S. stocks last night, showing a widespread decline. Among them, MEME coins, SOL projects, and inscription sectors led the market losses.
Many MEME coins have seen their prices halved, and for these three types of crypto assets, it has been repeatedly emphasized that it is not advisable to intervene at this stage due to their high risks and poor stability.
Secondly, from the performance of different types of cryptocurrencies, strong sectors like DEFI and RWA have many coins that have not yet broken below previous lows, indicating relatively strong resilience and market toughness;
Meanwhile, weak coins have mostly fallen below their previous lows, showing clear market differentiation, and investors need to be cautious in their selections.
Thirdly, regarding Ethereum, attention can be focused on the price range of 3400 - 3600.
If the price fluctuates within this range, it may create corresponding trading opportunities, whether for short-term swing trades or mid-term positioning, which are worth investors' close attention and in-depth research to seize potential opportunities in a timely manner.
If you want to delve deeply into the cryptocurrency space but don’t know where to start, and wish to quickly understand the information gap, whether it’s contracts or spot trading, you can 👉 learn more in my profile #币安HODLer空投CAT、PENGU #圣诞行情预测