Market volatility, critical game moment! BTC/ETH morning analysis
The market is still in a volatile phase today, with weak willingness for funds to enter. The impact of market makers fleeing is still unfolding, and the market remains unstable in the short term.
BTC attempted to break through yesterday, but there was significant selling pressure above, causing the price to retreat to around 85,000, and it is still looking for support in the short term. ETH performed relatively weakly yesterday, with bearish sentiment prevailing.
A certain whale again reduced its BTC holdings yesterday, and the short-term selling pressure in the market remains substantial, which is one of the reasons for BTC's lack of rebound strength.
The trend of market makers fleeing continues, with some altcoins continuing to decline, and there is little hope for a short-term turnaround in altcoins; the liquidity crisis is still spreading.
The sentiment in the meme sector is bleak, and the aftershocks of yesterday's ACT dumping have not dissipated; it is not advisable to bottom fish lightly in the short term.
Large funds continue to focus on BTC/ETH, steadily positioning in spot trading while waiting for market stabilization.
