BTC dropped 3.7% overnight, ETH fared worse with a drop of 5.5%. Are you panicking?

$BTC daily sell point: $73739 daily buy point: $69562

$ETH daily sell point: $2318 daily buy point: $2118

$BNB daily sell point: $671 daily buy point: $638

Don't rush to cut losses. Funding rates: BTC -0.001%, ETH -0.0004%, both turned negative, with shorts paying longs. What does this indicate? The market is already in a panic bearish mode, but the more aggressively the shorts squeeze, the tighter the rebound spring is compressed.

BTC open interest is 86074 coins, with no significant reduction, indicating that the main force hasn't exited yet. There is support starting around 71000, but the true watershed is the daily support at 69562.

ETH's decline is almost 1.5 times that of BTC, and the weak pattern remains unchanged. 2118 is today's key defense line; if it breaks, it will enter the deep water zone at 2050.

Short-term bearish but approaching oversold. If BTC holds 69500, you can try a small long position, aiming to see a return to 73700. Don't rush with ETH; wait for BTC to stabilize before following.

$BTC #BTC $ETH #ETH $BNB #BNB