The altcoin market has once again suffered a collapse, leading to generally pessimistic market sentiment. This is exactly the effect desired by the manipulators. Despite this, the bull market is still continuing, stay optimistic, and the future is still worth looking forward to.
Ethereum (ETH) fell in tandem with Bitcoin (BTC) yesterday, falling more than expected. ETF fundamental news was delayed, market speculation expectations were postponed again, and the macro environment had a significant impact, further weakening the positive effects of ETFs. If ETH falls below the support below $2,850, it will appear fragile. The real support range is at $2,600. It may continue to fall today. It is recommended to wait patiently, be defensive, and look for opportunities to rebound from oversold conditions.
The altcoin sector has fallen in step with the mainstream market, and most currencies have experienced a larger correction. Today they collapsed again, with the decline seriously exceeding expectations. The main target of this round of market washing by manipulators is concentrated on altcoins. The proportion of altcoin chips in the hands of most users is much higher than that of mainstream currencies. Therefore, the effect of the market washing is particularly serious, creating panic and forcing users to cut off their assets. If negative news continues to appear in today’s data, it is expected that altcoins will continue to fall. It is recommended to wait and see during the day and act with caution.
Fundamental news has a significant impact, and the market is currently very sensitive, especially the non-agricultural data released at 8:30 tonight, which will have an important impact on this month's market trends.
RGB++ started free casting, and the activity on the chain increased significantly. As an emerging protocol, RGB++ plays a positive role in the construction of the Bitcoin ecosystem. It is recommended to continue to pay attention to this sector. Although market conditions continue to be depressed, it is worth waiting for the sector's enthusiasm to pick up before taking action.
The article is delayed, and if you don’t understand the market and need real-time explanations of learning techniques and experience, please read my introduction to cooking industry.
