Currently in the market, it's like going to a busy market and suddenly encountering a heavy rainstorm. Vendors are rushing to clear their goods, and buyers are all staying far away. Bitcoin has dropped 3.29% in one day, and Ethereum is even more dramatic, plunging 5.10%. This is not just a normal discount promotion; it's a classic case of "panic selling."
From the chart, both coins have broken through the key support of the Bollinger Bands, and trading volume is still increasing, indicating that big players are leading the rush to exit, throwing off those retail investors who can't hold on. The current market sentiment is like being caught in a torrential rain at a busy market—everyone is just trying to avoid the rain, and no one wants to make a move. If you rush to buy the dip now, you'll definitely end up with a bunch of junk.
In the short term, $BTC Bitcoin's "bottom price" is first seen at 66,800. If it can't hold that, then look toward 65,000; for $ETH Ethereum, the recently broken support is at 1961. If it continues to fall, 1900 dollars is the real "clearance price."
The most taboo thing right now is losing your mindset and making frequent trades. True experts will choose to "wait out the rain" at this point. Once the rain stops and the market heats up again, they'll pick good assets and patiently wait for prices to rise.
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Currently in the market, it's like going to a busy market and suddenly encountering a heavy rainstorm. Vendors are rushing to clear their goods, and buyers are all staying far away. Bitcoin has dropped 3.29% in one day, and Ethereum is even more dramatic, plunging 5.10%. This is not just a normal discount promotion; it's a classic case of "panic selling."
From the chart, both coins have broken through the key support of the Bollinger Bands, and trading volume is still increasing, indicating that big players are leading the rush to exit, throwing off those retail investors who can't hold on. The current market sentiment is like being caught in a torrential rain at a busy market—everyone is just trying to avoid the rain, and no one wants to make a move. If you rush to buy the dip now, you'll definitely end up with a bunch of junk.
In the short term, $BTC Bitcoin's "bottom price" is first seen at 66,800. If it can't hold that, then look toward 65,000; for $ETH Ethereum, the recently broken support is at 1961. If it continues to fall, 1900 dollars is the real "clearance price."
The most taboo thing right now is losing your mindset and making frequent trades. True experts will choose to "wait out the rain" at this point. Once the rain stops and the market heats up again, they'll pick good assets and patiently wait for prices to rise.