"A day in the crypto world is like a year in the human world," the speed of market changes can be faster than the weather! Today, let's have a good chat about today's BTC market.

From a technical perspective, as previously analyzed, the BTC 1-hour candlestick chart shows a trend that is simply "flowing down like a waterfall." The BOLL band is continuously widening, and the price is tightly sticking to the lower band, which clearly indicates that the bears are crazily "crashing the market," and the market is firmly controlled by the forces of short selling. In the MACD indicator, the death cross between the DIF line and the DEA line is like two large scissors, cutting off the hope for an upward trend, while the MACD histogram is steadily moving down below the zero axis, indicating a strong downtrend.

Combining this with the news front, the recent global macroeconomic environment is not very optimistic, and fluctuations in traditional financial markets have also impacted the crypto world. For example, certain tech stocks in the U.S. stock market have plummeted, and funds are fleeing from risk assets. As a representative of high-risk assets, BTC naturally cannot escape the fate of being sold off. Just like during a previous major disruption in the traditional financial market, the price of BTC also fell sharply, and many investors were caught off guard and deeply trapped.

Now, market panic has reached a peak. Many retail investors are panic selling, while institutions may be quietly observing, waiting for the right moment to enter the market. However, at this moment, there are no clear reversal signals for the downtrend. Just like after previous major declines, the market tends to oscillate at the bottom for some time, accumulating strength before a potential reversal.

So, dear friends in the crypto world, now is not the time to be blindly optimistic. Just because the price has dropped significantly does not mean you should rush in to catch the bottom. In the crypto world, there are too many cases of "catching the bottom halfway up the mountain." We must patiently wait for the market to stabilize and for those technical indicators to emit clear buy signals.

Next, will BTC be able to stop falling and stabilize near the key support level? Will market sentiment show signs of reversal? Where will the funds flow next?

These are all worth our close attention. If you want to know how the subsequent market will unfold, continue to follow me, "Key of Blockchain," as I guide you through the ever-changing crypto world, clearing the fog and seeking opportunities! #BTC走势分析