Bitcoin and Other Cryptocurrencies Face Market Turbulence

比特幣和其他加密貨幣面臨市場動盪

Bitcoin's value has experienced a notable decline in the past 24 hours, falling below $59,000 before recovering to $59,700. This unexpected drop stems from a confluence of negative news, disappointing investors who held high expectations for the last quarter.

比特幣的價值在過去 24 小時內經歷了顯著下跌，跌破 59,000 美元，然後恢復至 59,700 美元。這一意外下跌源於一系列負面消息，令對上季度抱持高期望的投資者感到失望。

SHIB and DOGE Analysis

SHIB 和 DOGE 分析

SHIB's price has initiated a downward trend after testing the support level of $0.0000208. Despite a brief attempt to reclaim $0.00001878, indicated by extended upper wicks, investors remain skeptical of short-term market prospects, viewing these attempts as opportunities to sell. Substantiating their concerns, SHIB has breached $0.00001599, potentially triggering a decline to approximately $0.00001427.

SHIB 的價格在測試 0.0000208 美元的支撐位後開始下跌。儘管上影線延長顯示投資者曾短暫嘗試收回 0.00001878 美元，但投資者仍然對短期市場前景持懷疑態度，將這些嘗試視為賣出機會。 SHIB 已突破 0.00001599 美元，這可能會引發跌至約 0.00001427 美元，證實了他們的擔憂。

Dogecoin (DOGE) Overview

狗狗幣（DOGE）概述

DOGE strives to regain the crucial $0.105 level. Amid Bitcoin's (BTC) ongoing descent, DOGE may encounter support at $0.0985, $0.093, and $0.089. Investors will monitor closing prices above $0.11 during a potential uptrend, aiming for a peak at $0.132.

DOGE 努力奪回關鍵的 0.105 美元水準。在比特幣 (BTC) 持續下跌的情況下，DOGE 可能會在 0.0985 美元、0.093 美元和 0.089 美元處遇到支撐。在潛在的上升趨勢中，投資者將關注 0.11 美元以上的收盤價，目標是 0.132 美元的峰值。

Bitcoin and Solana (SOL) Outlook

比特幣和 Solana (SOL) 展望

BTC has faltered in holding critical levels at $63,000 and $61,700. A $10,000 downward correction, reminiscent of the plunge following a $67,000 test, has been initiated. Investors are apprehensive about a potential retest of $53,000. The pivotal level to watch remains $58,909. Further declines may trigger spikes down to $52,500, $57,500, and $55,800.

BTC 在 63,000 美元和 61,700 美元的關鍵水平上表現不佳。 10,000 美元的向下修正已經開始，讓人想起 67,000 美元測試後的暴跌。投資者對可能重新測試 53,000 美元感到擔憂。值得關注的關鍵水平仍然是 58,909 美元。進一步下跌可能會導致價格飆升至 52,500 美元、57,500 美元和 55,800 美元。

SOL Coin Update

SOL 幣更新

SOL Coin exhibits a downward bias towards its base at $125. Volatility between $125 and $145 is anticipated, contingent on BTC's price action.

SOL Coin 對其 125 美元的基礎表現出向下的偏見。預計波動範圍在 125 美元至 145 美元之間，具體取決於 BTC 的價格走勢。

Near-Term Prospects

近期前景

Immediate targets for SOL Coin include $134 and $125. Conversely, in the event of a recovery, $148 and $162 may be retested. The market's direction remains contingent upon a potential breakout in BTC's price. The upcoming elections in November and FTX repayments could provide clarity regarding the broader market sentiment.

SOL Coin 的近期目標包括 134 美元和 125 美元。相反，如果出現反彈，則可能會重新測試 148 美元和 162 美元。市場的方向仍然取決於比特幣價格的潛在突破。即將到來的 11 月選舉和 FTX 還款可能會澄清更廣泛的市場情緒。