BTC is showing strong bullish momentum, climbing back above $78,000 and entering a period of consolidation and contestation. After the Binance security incident and sustained deleveraging pressures, the broader market has established interim buying support around $76,000, entering a defensive recovery phase following the steep decline.

Over the past 24 hours, political uncertainty surrounding the U.S. midterm elections has weighed on global risk appetite. This, combined with episodic outflows from institutional spot ETFs and liquidity tightening triggered by increased supply of long-term U.S. Treasury bonds, has pushed market sentiment to a deleveraging extreme. Trading volumes have remained subdued overall as markets await clarity from the nonfarm payrolls report and macro policy signals.

Current strategy:

📌 If BTC stabilizes and holds above $78,000 with rising volume: this confirms a strong short-term rebound from the bottom, with a potential rally into the main recovery phase and a bullish target of $82,000;

📌 If macroeconomic headwinds trigger another pullback and BTC breaks below $75,000: strictly follow risk-management rules, avoid blindly increasing leverage, and wait for volume to contract and prices to stabilize before building core spot positions in stages on dips.

Analysis of Major Cryptocurrencies

BTC

A return above $78,000 signals strong bullish momentum. In the short term, watch for resistance at $78,000–$79,000, especially liquidity pressure from Treasury bond supply. Holding above $78,000 would support a bullish outlook toward $82,000; a renewed pullback below $75,000 could present an opportunity to build positions on dips. Watch macro capital flows and the persistence of spot buying.

ETH

Under short-term pressure, with persistent ETF outflows and selling pressure from exchange hacks fueling market panic and putting bulls at risk of liquidation. However, whales are accumulating heavily during the pullback, while exchange balances are falling—signs that long-term investors are positioning themselves. Bearish in the short term; over the medium to long term, watch L2 adoption and its asset characteristics.

SOL

Recently under selling pressure, mainly due to hacker-related selling and concerns that its high market-cap valuation is not justified by on-chain fee revenue. Despite positive institutional tokenization partnerships, the technical picture has broken down. Bearish for now; consider avoiding short-term volatility risk and watch whether the $90 support level holds.

BNB

Facing downside risk. After breaking below key support, the short-term technical target is $550. Selling pressure is intensifying amid the shadow of security incidents, while the crisis of confidence in centralized exchanges is a near-term headwind for exchange tokens. Watch for further selling pressure; consider shorting cautiously near highs.

Trending Coins

UNI

Showing exceptional resilience. Although hacker-related selling has caused short-term volatility, continued withdrawals by large holders suggest they are reluctant to sell. As the leading DEX, its decentralization advantages and the narrative of bringing U.S. equities on-chain support its long-term value. Exchange withdrawal restrictions are creating a liquidity premium. Consider building positions in stages on dips in anticipation of a recovery.

XMR

Performing strongly as dwindling liquidity and hackers’ money-laundering needs highlight its zero-circulating-supply effect. It has exceptionally strong censorship resistance, while real-world use cases and the essential demand for theft-resistant privacy give it explosive potential. The long-term bullish case remains solid.

ONDO

A leading RWA project with strong fundamentals, it has surpassed $21 billion in perpetual futures trading volume, demonstrating deep market demand. While short-term pressure from hacker-related selling remains, the price has retested support and has room for a technical rebound. Consider building positions on dips; the RWA narrative could take off as the market recovers.

SUI

At a critical bottom, with technical upside potential and long-term fundamental value. Its infrastructure investments in the AI agent economy and verifiable computing give it a strong moat. Despite token unlock pressure, the current price offers a highly favorable risk-reward ratio. Consider buying on dips to position for a rebound.

The information above was automatically generated by @xhunt_ai and does not constitute investment advice.