Tonight, let's discuss the current trends in the cryptocurrency market and investment strategies.
First, the U.S. stock market has shown signs of a rebound, which may have a certain impact on the encryption market. Bitcoin experienced a significant decline today, and the market is filled with panic. However, I believe we have entered the bottom range, and even if there is a drop, it may quickly rebound. My personal analysis suggests that BTC is expected to bounce back to around 107500. If tomorrow's close remains strong, it could further rise to around 112500. However, it is important to note that the overall trend is still downward and in a bear market environment, and after the rebound, there may be short-selling opportunities. In terms of Ethereum, from a weekly perspective, it has peaked and is now pulling back. In the long term, a short-selling strategy may be more advantageous. However, a rebound may occur in the short term, and it is advisable to pay attention to opportunities in the 3900-4000 range. For Solana, you can pay attention to the support levels in the 170-177 range tonight. If a rebound occurs, you may consider the target level around 185. As an analyst, I am well aware of the immense pressure that comes with each prediction, especially in public settings. Regardless of the outcome of the prediction, there may be direct feedback. This is indeed a challenging job. Finally, I remind everyone that the encryption market carries high risks, and investment should be cautious. The above analysis is for reference only; please make decisions based on your own risk tolerance.
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Tonight, let's discuss the current trends in the cryptocurrency market and investment strategies.
First, the U.S. stock market has shown signs of a rebound, which may have a certain impact on the encryption market.
Bitcoin experienced a significant decline today, and the market is filled with panic. However, I believe we have entered the bottom range, and even if there is a drop, it may quickly rebound. My personal analysis suggests that BTC is expected to bounce back to around 107500. If tomorrow's close remains strong, it could further rise to around 112500. However, it is important to note that the overall trend is still downward and in a bear market environment, and after the rebound, there may be short-selling opportunities.
In terms of Ethereum, from a weekly perspective, it has peaked and is now pulling back. In the long term, a short-selling strategy may be more advantageous. However, a rebound may occur in the short term, and it is advisable to pay attention to opportunities in the 3900-4000 range.
For Solana, you can pay attention to the support levels in the 170-177 range tonight. If a rebound occurs, you may consider the target level around 185.
As an analyst, I am well aware of the immense pressure that comes with each prediction, especially in public settings. Regardless of the outcome of the prediction, there may be direct feedback. This is indeed a challenging job.
Finally, I remind everyone that the encryption market carries high risks, and investment should be cautious. The above analysis is for reference only; please make decisions based on your own risk tolerance.