Will the market continue to plummet tonight?
The recent plunge in the crypto market actually showed signs a few days ago, mainly due to the weakness of the US stock market. Due to concerns about continued inflation in the United States, the stock market performed poorly, and the Nasdaq and S&P 500 also fell by more than 1%. This macroeconomic background has affected the crypto market, especially BTC and ETH.
Market sentiment: Panic has eased somewhat, but whether it can completely stop falling depends on the trend of US stocks tonight. If US stocks continue to fall, BTC may follow suit. If US stocks stop falling, BTC may consolidate in the current range.
BTC trend: BTC is predicted to adjust between 93,000 and 98,000 in the short term, but there is no sign of stabilization at present. If US stocks continue to fall, BTC may continue to fall; if there are no other factors interfering, the price may fluctuate in this range.
BNB: BNB is relatively strong and is expected to consolidate between 680 and 720. Due to the good news of the platform, BNB has strong support.
ETH: ETH has performed weakly recently, mainly affected by the reduction of ETF holdings, and is expected to fluctuate in the range of 3250 to 3550. ETH may face certain pressure in the short term.
Solana: Solana may face selling pressure after unlocking, and the price trend is uncertain in the short term.
Technical summary:
The Greed Fear Index is at 70, and the market is in a greedy state.
The perpetual contract funding rate shows that there may be room for decline.
The RSI indicator shows that BTC is still strong and ETH is slightly weaker.
Operational suggestions: If the position is light, you can add positions in batches around 90,000. But keep a wait-and-see attitude towards altcoins, and don't chase high easily for the time being. Overall, stay calm, operate steadily, and don't be affected by short-term fluctuations.