Bitcoin recently fell below the 100,000 mark, attracting widespread attention from the market. Behind this trend, there are both the impacts of global turmoil and the inherent challenges faced by the encryption currency market.

Currently, the uncertainty of the international situation has significantly impacted the price of Bitcoin. Factors such as the tensions in the Middle East, the potential military intervention by the United States, and possible trade frictions have all caused considerable fluctuations in the market. However, it is difficult to fully grasp the market trends just from surface phenomena; we need to analyze the fundamental reasons in depth.

In fact, the significant fall of Bitcoin and other encryption currencies is largely due to the lack of market liquidity. This issue has existed for a long time, making the market extremely sensitive to external events, where even a slight disturbance can trigger severe fluctuations. Even in a relatively stable environment, it is difficult to maintain a continuous rise.

From a technical analysis perspective, the Bitcoin weekly chart shows that it has fallen below the previous range of fluctuations, and the loss of the 100,000 mark may only be the beginning of the decline. Although there is some buying support around 100,000 currently, leading to a brief rebound, the overall trend still leans towards the bears. In the near future, the 100,000 level may become the focal point of contention between bulls and bears, but the outlook remains pessimistic.

In contrast, the technical pattern of Ethereum (ETH) is more concerning. After a continuous 5-week long upper shadow, a breakdown has occurred, which often indicates the possibility of a larger fall. The support at the 2000 dollar level is facing severe tests, and the risk of a breakdown cannot be ignored.

Overall, the cryptocurrency market is facing dual pressures from the global economic and political environment and its own liquidity issues. Investors need to closely monitor market trends and operate cautiously, while also recognizing that the long-term development of the market still depends on advancements in blockchain technology and the expansion of practical applications.