The current crypto market situation is marked by significant volatility, especially after Bitcoin’s recent moves around $63,000. Altcoins are also showing fluctuations, with several tokens registering gains while others are correcting sharply.
Quick Analysis:
Bitcoin: It is in a consolidation phase after testing the resistance around $64,000. The crucial support to watch is around $61,000. If this level is broken, there could be a further decline towards $59,000.
Altcoins: Many altcoins are following the general market trend, some are undergoing corrections after reaching local highs. Opportunities to buy back at low prices may arise if you follow the support levels carefully.
In this type of market, be patient and do not make decisions based on emotion. Always do your own research before acting. #DYOR $BTC $ETH $SOL #Binance #DeFi #NFT