Dr. Frog Daily Analysis

Today's analysis: The current market is severely divided. In the past one or two months, Bitcoin ($BTC) ETFs have basically been inflows, and the price has rarely retreated. However, after the previous rebound, the altcoins fell again this time, and the market sentiment is more panic than the last time. The overall liquidity of altcoins is extremely poor, and coupled with the impact of the upcoming news, there is no short-term operation opportunity. It is recommended to continue waiting. I looked at the market's altcoin sentiment indicators and the altcoin index of the large cycle today, and found that they have basically reached historical lows. The altcoin index has reached around 20, and the historical lowest value is about 10. Every time it touches the 20-10 area, it is the bottom area of ​​the altcoin in a large stage. The last time it fell to the 20-10 range was from June to August 2023, which can be used as a reference. There is no need to question the market, and Bitcoin will definitely continue to break new highs in the future. At this time, some altcoins with stronger value in the market performed well in the early stages and declines, and most other altcoins can only slowly come out of the bottoming range after Bitcoin breaks out of the market again. The market has come to this point, especially this round of wash-out, which makes people feel more desperate emotionally. However, the more it is at this time, the more you cannot sell at a loss. The negative news of the interest rate meeting is estimated to be unlikely, and there will be a rebound after mid-month. When the market is not doing well, you should live your life and not be worn down by this garbage time and garbage market.

Key points:

Bitcoin ($BTC ): Short-term support has not fallen below $67,000 for the time being

Ethereum ($ETH): Key support points are $3,600 and $3,400 #Cryptocurrency#市场分析 #BTC #ETH #山寨币