Bitcoin (BTC) bids farewell to $100,000, Shiba Inu (SHIB) approaches the last support level, and XRP is stronger than all other currencies

Click the name live to enter the live room to chat

Bitcoin price and market dynamics:

Bitcoin recently broke below the psychological barrier of $100,000, triggering uncertainty in the market. After a strong rise close to the all-time high, the market has seen a pullback. The current price is about $95,933, down 1.04% from the previous day. Some analysts believe that this pullback may be a healthy market adjustment. Although there has been a short-term decline, Bitcoin is still within a long-term bullish structure.

Support and resistance analysis:

Key support levels: Currently, Bitcoin has support levels at $92,500 and $87,500, and these areas may be opportunities for buyers to re-enter the market.

Key resistance levels: Bitcoin's next important resistance level is at $100,000, which requires strong market sentiment to break through.

Market Trend: The pullback in Bitcoin has been accelerated by the intensified selling pressure as over-leveraged positions are liquidated and there has also been a large number of liquidations in the futures market.

Despite the current volatility and potential downside risks facing the market, many analysts believe that Bitcoin's solid fundamentals, including growing institutional interest and adoption, will help it maintain an upward trend in the long term. If the market stabilizes, the $100,000 mark may be challenged again.

Key Support and Resistance of Shiba Inu (SHIB):

Shiba Inu (SHIB) has experienced a sharp decline of 9.6% in the past day and is currently trading at around $0.00002171. The intensified pressure on the market has put SHIB into a key technical area.

Key Support and Resistance Levels:

Support: Currently, the 200 EMA (Exponential Moving Average) is an important support level for SHIB. If this support is broken, SHIB may fall to $0.00002000 (buyer psychological level). Further downside will likely hit $0.00001750, which is another key support area.

Resistance: The first resistance level is at $0.00002350, and if this level is crossed, the next target is $0.00002500. This will be a key area for SHIB to reverse the bullish trend in the market.

Click the name to live and chat in the live room