#数字货币市场洞察 The market fear index stopped at 27 today, exactly two months since the previous high. After 60 days of continuous pullback, those who have held on until now have truly withstood the test.

From a technical perspective, there are noteworthy signals: on the daily chart, all three bottom rebounds stalled near the Fibonacci 0.5 level, without even touching 0.618. This strength of rebound fits the "wave 3 correction" structure in classic Elliott Wave Theory. After $BTC surged to the 0.5 level the day before yesterday, it clearly encountered resistance and continued to pull back today.

Whether the market can form an ascending flag pattern depends on several variables: the Fed’s attitude at the December FOMC meeting, potential policy changes, and market expectation adjustments that may come with a new term. These fundamental factors might inject some confidence into the market. $ETH 's correlation remains strong, so in the short term, it’s more practical to watch which direction the price breaks out of the current consolidation range.