在低於$ 2.00的折扣之後，XRP現在以$ 1.79的支持水平為目標

2月的第二次，資產通過了這種心理支持水平破裂

For the second time this month, and the third time this year, the asset has broken through a psychological support level as

本月第二次，這是今年第三次，資產通過心理支持水平破裂了

Relying on data from HitBTC, it was determined that XRP is now being valued at $2.02. Over the last 24 hours, the cryptocurrency has experienced a decline of almost 7%, attributing this to increased selling pressure and heightened volatility. This most recent decline might be an instance of XRP filling the gap in its price action, which happens frequently when an asset returns to prior support areas before making another move attempt.

依靠來自HITBTC的數據，確定XRP現在的價值為2.02美元。在過去的24小時內，加密貨幣的下降近7％，這歸因於增加的銷售壓力和增強的波動性。最近的下降可能是XRP填補其價格行動中差距的一個實例，當資產在另一步嘗試之前返回先前的支持區域時，這種情況經常發生。

But the way XRP fell indicates otherwise — it was a steep decline more like a knife down event brought on by aggressive selling rather than a gradual retracement. After XRP was unable to maintain its hold above important moving averages such as the 50-day EMA, it broke below $2.00.

但是XRP跌倒的方式表明 - 這是一個急劇下降的幅度，更像是由攻擊性銷售而不是逐漸回撤帶來的刀下的事件。在XRP無法維持其持有之後，例如50天EMA等重要的移動平均值，它的損失低於$ 2.00。

The market's general pessimism has accelerated XRP's decline and brought it closer to its next significant support level of $1.79. Should XRP swiftly recover $2.20, this decline might be interpreted as a brief sweep of liquidity, opening the door for a possible recovery toward $2.50.

該市場的普遍悲觀情緒加速了XRP的下降，使其更接近其下一個1.79美元的重要支持水平。如果XRP迅速收回2.20美元，這種下降可能會被解釋為短暫的流動性，為可能的回收率恢復到2.50美元。

What XRP does next will be important because of the rising volatility. A reversal may occur if buyers intervene forcefully. But before there is a significant recovery, XRP may experience more losses if the bearish trend persists.

XRP接下來要做的事情將很重要，因為波動的上升效率上升。如果買家有力介入，可能會發生逆轉。但是在重大恢復之前，如果看跌趨勢持續存在，XRP可能會遭受更多的損失。

Bitcoin's cycle hits new lows

比特幣的周期命中了新的低點

The recent collapse of Bitcoin (BTC) has officially brought what is now being called the weakest bull market in its history to an end.

比特幣（BTC）最近的崩潰已正式將現在稱為其歷史上最弱的牛市的東西結束了。

As Bitcoin fell below the crucial $80,000 support level and wiped out a large sum of its prior gains, it also lost the 200-day EMA, signaling potential problems for the cryptocurrency and raising concerns about a prolonged bearish cycle.

隨著比特幣低於至關重要的80,000美元的支持水平，並消除了其先前收益的大量收益，它也失去了200天的EMA，這表明了加密貨幣的潛在問題，並引起了人們對長時間看跌週期的擔憂。

Over the last day, Bitcoin's price experienced a decline of 6.46%, and it is now valued at $79,168, which is a significant distance from its long-term moving averages. The breach of the 200-day EMA is a crucial bearish signal, especially since this level has been a reliable support during bullish periods in the past. With the loss of this support, the market sentiment has changed drastically, and many believe that the worst is yet to come.

在最後一天，比特幣的價格下跌了6.46％，現在價值為79,168美元，與其長期移動平均值相距甚遠。違反200天EMA是一個至關重要的看跌信號，尤其是因為在過去的看漲時期，這一水平一直是可靠的支持。隨著這種支持的損失，市場情緒發生了巨大變化，許多人認為最糟糕的情況尚未到來。

A portion of Bitcoin's prior explosive rise has been undone by the swift decline, which has also brought billions of dollars in losses to the market and forced traders to assume defensive positions. The rapid decline in Bitcoin can be attributed to a shift in momentum toward a longer correction and surrender from overly leveraged positions.

迅速下降，比特幣先前的爆炸性崛起的一部分已經取消，這也使市場造成了數十億美元的損失，並迫使商人承擔防禦地位。比特幣的迅速下​​降可以歸因於動量向更長的糾正轉移，並從過度槓杆位置投降。

If Bitcoin is unable to recover the $80,000 mark, further downward movement is anticipated, with the next major support level located at $75,000. In the event of panic-selling, the price may drop as low as $70,000. In the neutral case, Bitcoin forms a temporary bottom and consolidates between $78,000 and $85,000 before making an effort to regain lost ground.

如果比特幣無法恢復80,000美元的成績，則預計將進一步向下移動，下一個主要支持水平為75,000美元。如果出現恐慌，價格可能低至70,000美元。在中立的情況下，比特幣形成臨時底部，並在努力重新獲得失落的地面之前固定在78,000至85,000美元之間。

However, if the bulls are lucky and Bitcoin quickly recovers $85,000 and rises above the 200-day EMA, it could reignite bullish momentum and avert a more severe correction. Now that the bull market has been successfully broken, Bitcoin runs the risk of going into a protracted decline unless it can make a sizable comeback. Expect increased volatility from the cryptocurrency in the coming weeks as traders react to this development.

但是，如果公牛很幸運，比特幣迅速收回了85,000美元並高於200天EMA，它可能會重新點燃看漲的動力並避免更嚴重的糾正。既然牛市已經成功地破壞了，則比特幣會冒著持久下降的風險，除非它可以捲土重來。隨著貿易商對這一發展的反應，在未來幾週內的加密貨幣中，預計波動性會增加。

Crucial support level for Ethereum

以太坊的關鍵支持水平

A crucial $2,000 support level is what Ethereum is clinging to, and this will decide the asset's short-term destiny.

以太坊要堅持的至關重要的2,000美元支持水平，這將決定資產的短期命運。

ETH is currently being valued at $2,110 following a vicious daily decline of 8.44%, and it is clear that the cryptocurrency is still facing a large amount of selling pressure. A clear breakdown below $2,000 would greatly exacerbate the already pessimistic market sentiment.

在每日惡性下降8.44％之後，ETH目前的價值為2,110美元，很明顯，加密貨幣仍面臨著很大的銷售壓力。低於$ 2,000的明顯細分會大大加劇已經悲觀的市場情緒。

The decline in Ethereum can be attributed in part to the fact that it has been steadily leaving the ecosystem over the last few months, which has led to a decrease in liquidity and investor confidence. With this in another instance, Ethereum appears to be approaching the last line of defense at the $2,000 mark before a potentially deeper collapse. If this level of support is broken, it might set the stage for even more volatility.

以太坊的下降可以部分歸因於以下事實：在過去的幾個月中，它一直在穩步離開生態系統，這導致流動性和投資者的信心下降。在另一種情況下，以太坊似乎以2,000美元的標準接近最後的防守線，然後可能更深入地崩潰。如果這種支撐級別被打破，它可能會為更大的波動奠定基礎。

If there is a breach of $2,000, panic-selling would follow, pushing ETH down toward lower support levels of $1,900 or even $1,750. A move like that would worsen the current problems in the ecosystem by increasing capital flight from Ethereum-based projects. If it can hold above $2,000 and perform a bounce, Ethereum might be able to regain $2,200 and even move toward $2

如果違反了2,000美元的違反，將隨後出現恐慌，將ETH推向較低的支撐水平1,900美元甚至1,750美元。這樣的舉動將通過增加基於以太坊的項目的資本飛行來加劇生態系統中當前的問題。如果它可以持有超過$ 2,000並進行彈跳，以太坊可能能夠重新獲得2,200美元，甚至朝2美元轉移