Bitcoin broke through the 90,000 mark, Ether fell below 3,000 USD, short positions dominate the market, and any rebound in the short term is an opportunity to escape!

1. Bitcoin: Breaks key support, panic spreads
Data speaks
· Price: For the first time in 7 months, it has fallen below $90,000, reaching a low of $89,688, a nearly 30% pullback in one and a half months.
· Liquidation: 176,000 people across the network were liquidated, with a liquidation amount of $947 million (approximately 6.7 billion RMB), and long positions accounted for over 68%.
· Fund Flow: ETFs have seen a net outflow of $2.6 billion for 5 consecutive weeks, with institutional withdrawal accelerating.
Core issue
· Institutional pullback: ETF demand has dried up, and whale selling pressure is accumulating.
· Macroeconomic suppression: The expectation of interest rate cuts by the Federal Reserve has cooled, and risk aversion sentiment is spreading.
· Technical breakdown: The psychological level of 90,000 has been breached, with the next support looking at 85,000-80,000.
Operating Strategy
· Retail investors: Do not bottom fish, do not use leverage, exit in batches as it rebounds to 96,000-98,000.
· Whale: Waiting to accumulate in batches below 80,000 USD, the short-term trend has worsened, patience is more important than impulse.
2. Ethereum: Weakness follows the decline, insufficient institutional support
Key data
· Price: Dropped below $3000, with a daily decline of over 6%, on-chain whales transferred in 40,000 ETH, intensifying selling pressure.
· Technical Analysis: The Bollinger Bands have narrowed to $4300-$4600, and after breaking below $3000, the target looks down to $2800.
Core issue
· ETF weakness: Continuous net outflows of funds, insufficient support from institutional buying.
· DeFi Cooling Down: Staking yields and network upgrades failed to offset macro headwinds.
Operating strategy
· Radicals: Open a small long position at 3050-3000, stop loss at 2900, target at 3200.
· Conservative: Go short if it falls below 2900, target 2700-2500.
3. Macroeconomic Environment: The storm continues, do not go against the trend.
Federal Reserve: Expectations for interest rate hikes are rising, the dollar is strengthening, and risk assets are under pressure.
Market Sentiment: The Crypto Fear and Greed Index has dropped to 10 (Extreme Fear), with main funds on the sidelines.

When others are greedy, I am fearful; when others are fearful, I will destroy! In the current market, cash is king; preserving capital is the rule of survival.

Final advice:
Bitcoin: The 90,000 level has become a resistance, a rebound is a chance to escape, consider investment value below 80,000.
Ethereum: Weakly linked to Bitcoin, not independently bottom-fishing, pay attention to signals of a shift in Federal Reserve policy.

The market specializes in various disobediences. When there is a crash, don't ask where the bottom is; ask yourself: Is your principal still there? Have you unloaded your leverage? You have to stay alive to see the next bull market. #今日你看涨还是看跌？