12.1 Daytime Thought Analysis and Layout

The market saw a rapid decline this morning, which means this is another opportunity; opportunities are always given to those who are prepared.

The current BTC market is in a clear downtrend, and technical signals indicate that the price is approaching the key support level of 80600 and may test the strength of that support. A strong bearish engulfing pattern has appeared in the candlestick formation, and the moving average system shows a bearish arrangement, further confirming the market's weak pattern. However, trading volume has drastically shrunk, indicating a divergence between volume and price, which suggests that market activity is light and may limit further downside potential.

In terms of external environment, market sentiment is neutral, and there have been no significant risk events or macro pressures. News is mixed; Japan's government bond yields have reached new highs, and liquidations in the crypto market exert some pressure on the market, but the positive development in stablecoins and crypto lending has provided some support. Overall, the external environment has not provided a clear directional drive for the market, which further reinforces the judgment that the market may maintain volatility in the short term.

BTC: 86300, short near 86600, looking down to 85000

ETH: 2860, short near 2890, looking down to 2700#加密市场反弹