You can also read this news on BH NEWS: Bitcoin's Fall Impacts DOGE and Altcoins

您还可以在 BH NEWS 上阅读此新闻：比特币的下跌影响 DOGE 和山寨币

The recent volatility in Bitcoin's price has instigated a downward trend for Dogecoin (DOGE) and various other altcoins. As Bitcoin attempts to stabilize around $66,000, the altcoin market has exhibited signs of instability. At the time of writing, Bitcoin was priced at $66,228, prompting an upward reversal for some altcoins. This analysis delves into the Dogecoin projections.

最近比特币价格的波动引发了狗狗币（DOGE）和其他各种山寨币的下跌趋势。随着比特币试图稳定在 66,000 美元左右，山寨币市场已经表现出不稳定的迹象。截至撰写本文时，比特币价格为 66,228 美元，促使一些山寨币出现上涨趋势。该分析深入研究了狗狗币的预测。

Dogecoin's Challenges
On June 17, Dogecoin, the top meme coin by market capitalization, experienced a three-month low, reaching $0.12. This decline was triggered by substantial losses in Bitcoin's price. Given the limited investment in altcoins, the swift exit of cautious investors exacerbated these losses, leading to a rapid sell-off.

狗狗币面临的挑战 6 月 17 日，市值最高的模因币狗狗币遭遇三个月低点，跌至 0.12 美元。此次下跌是由比特币价格大幅下跌引发的。鉴于对山寨币的投资有限，谨慎投资者的迅速退出加剧了这些损失，导致快速抛售。

The sharp decline resulted in the liquidation of long positions exceeding $44 million in Dogecoin alone, the largest liquidation event for DOGE this year. This significant liquidation reflects an unexpected drop experienced by investors in futures markets, weakening bullish sentiment. Currently, DOGE futures market funding remains negative, indicating the dominance of short positions.

此次大幅下跌导致仅狗狗币多头头寸被清算就超过4400万美元，这是DOGE今年最大的清算事件。此次大幅清算反映了期货市场投资者的意外下跌，削弱了看涨情绪。目前，DOGE期货市场资金面仍为负数，表明空头头寸占据主导地位。

Future Price Movements
Dogecoin's price has breached below both the 20-day EMA and the 50-day SMA, losing crucial support levels. The price falling under the SMA50 confirms substantial selling pressure, a rare occurrence considering the overall upward market trend. Seasoned investors may perceive these losses as buying opportunities, yet they remain vigilant about potential further declines based on historical data.

未来价格走势狗狗币的价格已突破 20 日均线和 50 日均线，失去了关键的支撑位。价格跌破 50 移动平均线证实了巨大的抛售压力，考虑到整体向上的市场趋势，这种情况很少见。经验丰富的投资者可能会将这些损失视为买入机会，但他们仍然根据历史数据对潜在的进一步下跌保持警惕。

The Elder-Ray Index for DOGE suggests the likelihood of continued short-term bearish trends. The index's negative value confirms that sellers currently control the market. If bearish momentum persists, DOGE's price could potentially fall to $0.11 and even reach $0.08.

DOGE 的 Elder-Ray 指数表明短期看跌趋势可能持续。该指数的负值证实卖家目前控制着市场。如果看跌势头持续下去，DOGE 的价格可能会跌至 0.11 美元，甚至达到 0.08 美元。

Insights for Investors
Essential points for investors to contemplate based on current market trends:

投资者见解根据当前市场趋势，投资者需要思考的要点：

• Monitor Bitcoin's ability to close above $66,250, as it could bolster altcoin confidence.
• Observe signs of increased investor activity in altcoins following significant sell-offs.
• Track DOGE's price movements around key support levels, particularly $0.11 and $0.08.
• Utilize the Elder-Ray Index to assess short-term trend indications.

However, if Bitcoin closes above $66,250 and strengthens the altcoin market, increased investor confidence might lead to a recovery. This scenario could propel DOGE's price toward new highs between $0.13 and $0.18.
The post initially appeared on BH NEWS:

监控比特币收于 66,250 美元上方的能力，因为它可以增强山寨币信心。观察山寨币大幅抛售后投资者活动增加的迹象。跟踪 DOGE 围绕关键支撑位的价格走势，特别是 0.11 美元和 0.08 美元。利用 Elder-Ray 指数评估短期趋势指标。但是，如果比特币收于 66,250 美元上方并增强山寨币市场，投资者信心的增强可能会导致经济复苏。这种情况可能会推动 DOGE 的价格升至 0.13 美元至 0.18 美元之间的新高。该帖子最初出现在 BH NEWS 上：