#数字资产市场动态 Mainstream cryptocurrencies collectively enter a correction cycle

Short-term market observation: BNB remains stuck around the $1000 mark, repeatedly attempting to break through but appearing powerless each time. The bearish defense at this level is as solid as a copper wall. Bitcoin has retreated from yesterday’s $96,000 level; overall, it lacks the volume support needed for a breakout. Without volume, breakthroughs are difficult, and the market is clearly waiting for a new direction confirmation.

Two consecutive days of sharp declines have left a deep impression — from the previous high of $0.29 down to around $0.21, providing quite a few shorting opportunities during this period.

New coin risk warning: FOGO experienced a dip and shakeout on its first day of trading, followed by a 33% rebound. However, such gains are often accompanied by a large number of short positions being liquidated, with the main force creating a bullish sentiment behind the scenes. Trading new coin contracts carries extremely high risks and can easily lead to a double-sided trap. Chasing highs requires extra caution. Market newcomers should especially be wary of these short-term traps.