财经少华
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Market Analysis and Speculation
Bitcoin (BTC)
This morning it fell below $77,000, and traders are generally bearish, focusing on $74,000 - $76,000 as the downside target, with $87,000 being the resistance level. A 36% pullback from the $110,000 high is a normal adjustment in a bull market, and it may find a bottom around $70,000. The prediction of a bottom at $70,000 is based on the technical pullback range; if U.S. stocks decline or traditional financial risks increase, this support level may be tested or even breached.
Ethereum (ETH)
Has fallen below $1,900, and market sentiment is pessimistic. ETH may face further pressure in the short term due to whale sell-offs and liquidation pressures. If bearish sentiment spreads, the likelihood of a drop to $1,500 or even lower increases.
The significant declines in BTC and ETH coincide with the U.S. stock market's 'Black Monday,' indicating an enhanced correlation between the crypto market and the macroeconomy. This reflects concerns about economic recession and expectations of Federal Reserve policies. Trump's policies may drive up inflation, but if the Federal Reserve does not cut interest rates, liquidity tightening could exacerbate downward pressure on the market.
Bitcoin (BTC)
This morning it fell below $77,000, and traders are generally bearish, focusing on $74,000 - $76,000 as the downside target, with $87,000 being the resistance level. A 36% pullback from the $110,000 high is a normal adjustment in a bull market, and it may find a bottom around $70,000. The prediction of a bottom at $70,000 is based on the technical pullback range; if U.S. stocks decline or traditional financial risks increase, this support level may be tested or even breached.
Ethereum (ETH)
Has fallen below $1,900, and market sentiment is pessimistic. ETH may face further pressure in the short term due to whale sell-offs and liquidation pressures. If bearish sentiment spreads, the likelihood of a drop to $1,500 or even lower increases.
The significant declines in BTC and ETH coincide with the U.S. stock market's 'Black Monday,' indicating an enhanced correlation between the crypto market and the macroeconomy. This reflects concerns about economic recession and expectations of Federal Reserve policies. Trump's policies may drive up inflation, but if the Federal Reserve does not cut interest rates, liquidity tightening could exacerbate downward pressure on the market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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