The overall performance of the crypto assets market is weak today, with the mainstream token BTC continuing to fluctuate within a range. Currently, BTC faces two important resistance levels at 117400 and 124000, but given the current market situation, the likelihood of breaking through 117400 is low.

Regarding altcoins, MYX is hovering at the lower edge of the range between 9.863 and 18.65, and multiple attempts to surge have not resulted in an effective breakthrough, but instead show a pulsing retreat, presenting a risk of downward breakout.

Recently, the strong-performing AVNT has also begun to pull back, with a maximum correction of 40% from its peak. This trend confirms the previous judgment that its short-term market has come to an end.

It is worth noting that MERL performed brilliantly today, becoming the leader of the day. As a newly listed contract on Binance, its rebound comes quickly and goes just as fast, surging before experiencing a significant pullback, lacking sustainability.

Overall, the current market sentiment is cautious, and investors should adopt defensive strategies. In the short term, attention can be paid to short-selling opportunities after a rebound, but it is essential to closely monitor market changes and adjust strategies in a timely manner.

In this volatile market, investors should remain calm and avoid blindly chasing highs or panic selling. It is recommended to focus on projects with strong fundamentals while managing risks and appropriately allocating assets. The market may require some time to digest the current uncertainties, so it is important to patiently wait for clearer directional signals to emerge.