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Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 The cryptocurrency market suddenly turned, with Bitcoin falling below $112000 and Ethereum falling below $4200. A sudden drop caught investors off guard. The cryptocurrency market fell across the board today, with the total market value of cryptocurrencies dropping by 2% in the past 24 hours, now reporting $4.06 trillion. Bitcoin has fallen below $112000, a decrease of 0.54% in the past 24 hours. Ethereum's performance was even weaker, with a drop of 2.96%, falling below the $4200 mark. Mainstream currencies such as SOL and BNB fell by 2.75% and 3.03% respectively. The market is generally down, and the Meme sector is in a miserable state This correction has a wide coverage, with all sectors falling by 2% to 6%. The Meme sector experienced the largest decline, reaching 5.93%, with Pump.fun (PUMP) falling by 10.16% and BUILDon (B) falling by 16.07%. The PayFi sector fell 1.84%, while Trust Wallet (TWT) plummeted 15.48%. The CeFi sector fell 2.25%, while Hyperliquid (HYPE) fell 7.35%. Even the usually stable Layer1 sector fell 2.28%, while the DeFi sector fell 2.30%. 02 Few Outliers, Winners of Counter trend Rise Amidst the howling of the market, there are still a few projects that have risen against the trend. WLFI and ASTER rose 3.77% and 17.19% against the trend. Although the Layer2 sector fell by 4.91% overall, MOVE and MERL rose by 5.04% and 34.85% against the trend. ASTER's strong performance was particularly remarkable, despite a 10.65% drop on the day, its price remained at $1.4254. 03 Reason for callback, mainly profit taking This round of adjustment may be related to profit taking after the recent rapid market rise, as well as overvaluation of some popular projects. ASTER (Aster) experienced a significant pullback after a rapid rise in the early stages, which may be related to large investors taking profits. MYX (MYX Finance) has been continuously declining recently, possibly influenced by overall market sentiment. SPX (SPX6900) and PUMP (Pump. fun) have also experienced technical corrections due to significant gains in the previous period. 04 Investor Strategy, Opportunity or Crisis? For long-term investors, this pullback may be an opportunity to invest in dips in batches. If the market experiences a pullback to key support levels (such as around BTC $112000) ETH 4, Consider buying high-quality assets in batches within the range of 060-4438. For short-term traders, it is recommended to pay attention to key price levels and closely monitor support and resistance levels. Breaking below support (such as BTC 111025 USD, ETH 4089 USD) requires caution against short-term pullback risks. Controlling risks is crucial, and it is essential to set stop losses. After interest rate cuts and overbought, there is a risk of a pullback, and short-term trading fluctuations are significant. Blindly chasing gains and selling losses should be avoided. The performance of the cryptocurrency market today is worrying, with Bitcoin falling below $115000 and Ethereum plummeting by over 4%, directly breaking through the $4300 support. Market sentiment has fallen from last week's neutral 53 points to 48 points, and investors are cautious and waiting for stronger signals. Although institutional dynamics remain positive and funds are turning to altcoins for opportunities, the short-term trend of the market still depends on whether Bitcoin can hold its current level. The market has reached the moment to choose its direction. Operation suggestion: BTC 110250 long first target to watch 111350 second target to watch 112765 ETH 4010 long first target to see 4095 second target to see 4160 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
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