Bitcoin get resistance of $105K as crypto market lose $43B; Altcoins no too strong, Lido come back after exploit
Cryptocurrency market don get serious fall, lose $43 billion and drop go total market cap of $3.28 trillion. Bitcoin (BTC) jump up try challenge di key $105,000 resistance for di first time since February, but e no fit hold di gain, come go back down to around $103,900. Technical signs like Relative Strength Index (RSI) climb pass 70, show say dem don buy too much and risk dey high for short-term small small movement or maybe e go still fall. Altcoins follow di same pattern of losing power: Arbitrum (ARB) fall by 0.72% and no fit hold above di $0.50 breakout, with trading volume কম (come down) and technical signs suggest say na small small movement go continue unless di key resistance or support break. Meanwhile, Lido Finance (LDO) respond quick quick to small oracle attack, wey make dem lose 1.46 ETH, by changing di addresses wey dem attack and make sure say Ethereum staking work continue well well; LDO price steady above $1 with technical signs show say e don dey recover since May. Since Bitcoin $105,000 level na important resistance, if e clearly break am, e fit open road go $109,588, while if e fall back, e fit go test $100,000 support. Di way Bitcoin and altcoins correlation don break, plus di up and down movement (volatility), show say money don dey move around and e need careful trading, as analysts warn say overextension fit cause deeper corrections later.
Bearish
As Bitcoin no fit break and hold above $105,000 resistance, plus say RSI reading show say market don overbuy, e mean say price fit siddon one place small or fall down small to correct. Altcoins too don weak small, volumes dey drop and no clear breakout. Analysts yan say di way Bitcoin and altcoins correlation don break technical way, e fit mean say market go volatile more and fit get deeper corrections if people still no too show interest. Even though money dey enter wey show say people still get interest, di fact say e no fit hold key breakouts and di signs from technical indicators mean say make we cautious and see market, both Bitcoin and general crypto market, as bearish for now.