Just like yesterday's thoughts

Sure enough, in the morning $BTC pushed the market up to the 92-93K range

There was no attempt to break 94, and it didn't even stay above 93 for long

In the evening, as the European and American markets opened poorly, the crypto market also followed with a decline

This drop even broke below 88K, which was the high point during the rebound before the tariff announcement in April

The part at $ETH should follow $BTC , but it hasn't seen the same extreme drop as earlier this year, so one can be slightly optimistic and expect that if BTC returns to 75K, ETH should find it hard to break below 2400 (a strong support level that was repeatedly tested after the rise in May)

Overall, the most worrying thing has happened: the sharp drop in the US stock market has led to a significant drop in crypto, and now we can patiently wait for possible low-point areas

The best approach right now is to stay out of the market and continue to wait for the upcoming price action

Once the current emotions settle down, we might enter an oversold zone

For those who still believe in a bull market, hold your hands and wait for the emotions to calm down; you can prepare to make a small entry on the left side

For those who believe we have entered a bear market, pay attention to whether 75K breaks; if it does, I personally think we can prepare to look at 66K (the resistance before the previous breakthrough to the new high of 100K, which is the area that couldn't break after the drop in August 2024); by then, I should be ready to open long positions on BTC with 2-3x leverage

Regardless, what can be confirmed at this point is that for both newcomers and veterans, the appeal of the US stock market has far surpassed that of the crypto space; this cycle is the most difficult and the most different four-year cycle