Will there be a continued crash tonight?
The recent crash in the cryptocurrency market actually showed signs a few days ago, mainly dragged down by the weak performance of the U.S. stock market. Due to ongoing concerns about inflation in the U.S., the stock market has not been performing well, with both the Nasdaq and S&P 500 down over 1%. This macroeconomic backdrop has impacted the cryptocurrency market, especially BTC and ETH.
Market sentiment: The panic has somewhat eased, but whether it can completely stop the decline depends on the performance of the U.S. stock market tonight. If the U.S. stock market continues to fall, BTC may also adjust accordingly. If the U.S. stock market stops declining, BTC may consolidate in the current range.
BTC trend: The short-term forecast for BTC indicates adjustments between 93,000 and 98,000, but there are currently no signs of stabilization. If the U.S. stock market continues to decline, BTC may continue to drop; if there are no other interfering factors, the price may fluctuate within this range.
BNB: BNB has shown relatively strong performance and is expected to consolidate between 680 and 720. Due to positive news from the platform, BNB's support is quite strong.
ETH: ETH has performed relatively weakly recently, mainly affected by the reduction in ETF holdings, and is expected to fluctuate in the range of 3,250 to 3,550. In the short term, ETH may face certain pressure.
Solana: Solana may face selling pressure after unlocking, and the price trend in the short term is uncertain.
Technical summary:
The greed and fear index is at 70, indicating that the market is in a state of greed.
The perpetual contract funding rate indicates there may still be room for decline.
The RSI indicator shows BTC remains strong, while ETH is slightly weaker.
Operational advice: If your position is light, you can gradually add to your position near 90,000. However, keep a watchful eye on altcoins and avoid chasing highs for now. Overall, stay calm, operate steadily, and do not let short-term fluctuations affect you.