Yesterday, the姨太 experienced a significant plunge, falling over 5% throughout the day, breaking through the key support level of $1900, with the lowest touching around 1810. Market panic rapidly intensified, and follow-up sell-offs continued to emerge.
Affected by disruptions from US tariff policies, safe-haven funds kept flowing out of the crypto market; the姨太 spot ETF experienced net outflows, coupled with related reduction in holdings, further exacerbating market pessimism.
From a technical perspective, the current姨太 is maintaining weak oscillation around 1820, with strong support at 1800 below. If this support is broken, further downside may be possible; resistance is in the 1900-1930 range. Without volume support during rebounds, chasing highs is not advisable. Short-term indicators remain bearish, with rebounds showing weakness as the norm.
Short-term trading advice: Do not blindly buy the dip. Maintain a light position with low leverage. If the price rebounds to the 1850-1890 range, consider lightly positioning for a short-term trade, targeting around 1780-1740. Watch more, act less, control your hands, and prioritize risk management!
Overall judgment: Short-term mainly sideways with a bearish bias. Market news remains unclear, and technical patterns have not turned strong. Operate cautiously and avoid impulsive entries.
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Yesterday, the姨太 experienced a significant plunge, falling over 5% throughout the day, breaking through the key support level of $1900, with the lowest touching around 1810. Market panic rapidly intensified, and follow-up sell-offs continued to emerge.
Affected by disruptions from US tariff policies, safe-haven funds kept flowing out of the crypto market; the姨太 spot ETF experienced net outflows, coupled with related reduction in holdings, further exacerbating market pessimism.
From a technical perspective, the current姨太 is maintaining weak oscillation around 1820, with strong support at 1800 below. If this support is broken, further downside may be possible; resistance is in the 1900-1930 range. Without volume support during rebounds, chasing highs is not advisable. Short-term indicators remain bearish, with rebounds showing weakness as the norm.
Short-term trading advice: Do not blindly buy the dip. Maintain a light position with low leverage. If the price rebounds to the 1850-1890 range, consider lightly positioning for a short-term trade, targeting around 1780-1740. Watch more, act less, control your hands, and prioritize risk management!
Overall judgment: Short-term mainly sideways with a bearish bias. Market news remains unclear, and technical patterns have not turned strong. Operate cautiously and avoid impulsive entries.