Liquidation of 646 million! Is it time to buy the dip for BTC? Is there still hope for altcoins?
In the last 24 hours, over 170,000 people globally have been liquidated, amounting to as much as 646 million dollars! The market is in turmoil, but opportunities often hide in panic—Bitcoin and Ethereum have surprisingly signaled a stop in the decline, with a rebound imminent!
Bitcoin (BTC)
After a continuous drop of 30%, selling pressure has weakened, and the daily RSI indicates oversold conditions suggesting a bottom! The short-term resistance level is at 93,500 dollars; a breakthrough could challenge 96,000; if it fails, be wary of a second retest. Now is a good time to accumulate at lower prices, with a high probability of a rebound!
Ethereum (ETH)
Keep a close eye on the support level in the 2,880-2,800 range, with a rebound target of 3,050-3,112. Bearish defense is at 3,150; there are opportunities for both low buys and high shorts, but don’t be greedy!
SOL dark horse rises
Institutions like Grayscale and Fidelity continue to see net inflows into SOL ETFs, with prices bouncing back from 139 without breaking; looking up to 152! The ETF market is starting, and any pullback is an opportunity.
Altcoin strategy
The altcoin season is dead, don’t rush in! Hold onto major coins like BTC and ETH that can weather bull and bear markets for the long term; for short-term plays with new coins (like Base co-founder Jesse's token), be quick to enter and exit, don’t be complacent; stay away from contract leverage, or liquidation will teach you a lesson!
Summary
Market changes are imminent, a rebound is expected, but don’t chase highs and cut losses. Set your take profit and stop loss properly; staying alive is the key to winning!
