Coin World Report: Mike Novogratz, CEO of Galaxy Digital in the United States, made comments on social media, stating that the recent market adjustment is a "risk fish." He believes that the largest cryptocurrency, Bitcoin, will resume its upward trend. Previously, Bitcoin experienced its largest single-day drop since the collapse of Silicon Valley Bank. The market downturn was due to heightened tensions in the Middle East, with Iran launching major missile and drone attacks on Israel. Novogratz prayed that the regional situation would not escalate further. In addition, he predicted that the price of Bitcoin would exceed $100,000 in 2024 and considered the uncontrolled momentum of exchange-traded funds to be the key reason for his optimistic forecast. He also stated that this year's micro-financial conditions may favor the cryptocurrency market due to the possibility of a rate cut by the Federal Reserve. However, persistent inflation concerns and tensions in the Middle East may delay the rate cut plan.

Market Analysis:

BTC: On the 4-hour chart, the price fell below the lower Bollinger Band, indicating a weak trend.

On the daily chart, the price broke below the moving average support, showing a weak trend.

In summary, the support level is at 64,000 and the resistance level is at 64,600.

ETH: On the 4-hour chart, the price fell below the lower Bollinger Band, indicating a weak trend, with support at 3,000 and resistance at 3,050.

LTC: The price remains oscillating near the lower Bollinger Band, showing a weak trend, with support at 76 and resistance at 80.

BCH: The price continues to oscillate near the lower Bollinger Band, showing a weak trend, with support at 460 and resistance at 500.

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