When will it end? The decline in this day is the same as the rise in ten days! This round of bull market is not easy to play! The challenge is quite big. Stay calm, buy low and sell high, and avoid cutting losses and chasing high prices.
Summary of key market events today:
1. The decline of US stocks has led to a weakening of the crypto market. CEX altcoins have performed poorly. The bull market is mainly concentrated on the chain. CEX altcoins have fallen with the Bitcoin market.
2. ETH performed poorly. Although it was stronger than Bitcoin before, it fell sharply last night when Bitcoin fell. The performance was poor and needs to be further observed.
3. BNB is relatively strong. Bitcoin fell 5%, and it only fell 3%. It is expected to consolidate in the range of 690-740. MEGADROP lock-up reduces selling pressure, which is good for long-term holders.
4. SOL short-term support is around 197. You can try to go long at this position, and the stop-profit target is 206 and 210 US dollars.
5. The overall adjustment of on-chain AI, but some sectors are strong, such as NEUR GRIFT BUZZ of defi+ai, etc. These are targets recognized by big funds after the framework.
6. At present, dex has reached 20% of cex, a record high. Come back to the chain, folks.
In the market, it is impossible to completely avoid the market crash against the trend. The key is to cultivate good investment habits to reduce risks. With the end of this wave of market adjustments, we will focus on the layout of GameFi and AI.
