#数字资产市场观察 On Sunday, the market data touched the key resistance level of 3050 and started to fluctuate, but unexpectedly plummeted directly at 7 AM.

The recent plummet has two main triggers: First, the sudden escalation of geopolitical tensions, with military actions in Venezuela unsettling market nerves; second, there are rumors of regulatory authorities tightening policies in certain regions. What's worse is that the end of the month is already prone to drastic fluctuations, and the main players took advantage of this to harvest high-leverage contract positions, leading to a panic sell-off by retail investors.

However, speaking of which, extreme market panic is often an opportunity. When others are fleeing, accurately identifying the support level for positioning can often lead to a good rebound. Although this kind of market is perilous, large fluctuations mean there is also a large profit margin—provided that you can withstand your emotions and accurately assess the position.

$ETH How will these mainstream cryptocurrencies perform next? It's worth keeping an eye on.