The greed index of the crypto market has fallen to 10-14, indicating an "extreme fear" state, the lowest level in 2025.
BTC's technical indicators have shown a continuous weakness for 10 days, with the probability of a rate cut in December dropping to 44.4%-45.8%. Hawkish remarks are suppressing risk assets, and tightening liquidity has triggered deleveraging, with a total market value evaporating by 1.1 trillion USD in 41 days. Altcoin liquidity has dried up, and even a small amount of selling pressure triggers a vertical drop.
The highs are moving lower and are under pressure from the middle track, yet key moving averages have not been breached. The rebound volume is weak and is seen as a trap for shorts, but there are certain hints. The short-term bullish rebound energy has not been released, and the market is still waiting for a significant impact.
Long positions in the 90800-91600 range, protect at 90500, target 93400.
Long positions in ETH at 3015-3050, protect at 3965, target 3210#美国加征关税 .
