#纳指跌4.18%创逾一年最大单日跌幅
Bitcoin (BTC)
As of now, Bitcoin's price is hovering around $60,500-$61,000, experiencing slight fluctuations over the past 24 hours, down about 0.5%-3%. Since the peak in May near $82,500, it has pulled back over 25%, breaking through several key technical supports, entering a deep correction phase. Current market sentiment is extremely fearful, with the Crypto Fear & Greed index in the 'extreme fear' zone (around 16). Leverage longs are getting liquidated frequently, combined with macro risk aversion, leading to a weak short-term outlook.
Technical analysis: BTC has effectively broken down from the previous upward channel and the significant support at $63,000. The RSI indicator is at an oversold low (below 30), but momentum has yet to show a clear recovery. The price focus continues to shift downwards, lacking effective rebound strength in the short term. If it can hold the psychological level of $60,000, a potential oversold bounce could occur; if it fails to do so, a faster descent towards the $58,000-$55,000 zone is likely. Deeper support is around $52,000-$53,000, which is close to historical cycle lows and production cost lines, providing strong accumulation potential.
On the resistance side, short-term rebound pressure is concentrated at: $61,500-$62,500, with further rebound targets at $63,000-$65,000 (previous support turning into resistance and a dense moving average zone). If it cannot effectively reclaim $63k, the adjustment period may extend for weeks to months.
Bullish and bearish factors: Bearish factors include MSTR and other institutions reducing holdings, ongoing outflows from spot ETFs, fund rotations towards AI/stocks, and geopolitical and macro uncertainties. Bullish factors are long-term institutional allocation demand, miner cost support, and potential expectations for policy easing. The retail long-short ratio still leans bullish (some platforms over 1.8), but the main players' sentiment is neutral to bearish, making it susceptible to a reverse squeeze.
Trading strategy recommendations: In the short term, it's mainly a wait-and-see approach.
Longs can cautiously try to enter near $60,000, targeting $62k-$64k, with a stop-loss set below $59k;
Shorts can enter when the rebound at $62k-$63k shows weakness, targeting $58k-$55k.
Overall positions should be small with strict risk control. In the long term, although Bitcoin's bullish structure has been damaged, it has not completely reversed,
below $60k could be an important accumulation window. $BTC $ETH
Bitcoin (BTC)
As of now, Bitcoin's price is hovering around $60,500-$61,000, experiencing slight fluctuations over the past 24 hours, down about 0.5%-3%. Since the peak in May near $82,500, it has pulled back over 25%, breaking through several key technical supports, entering a deep correction phase. Current market sentiment is extremely fearful, with the Crypto Fear & Greed index in the 'extreme fear' zone (around 16). Leverage longs are getting liquidated frequently, combined with macro risk aversion, leading to a weak short-term outlook.
Technical analysis: BTC has effectively broken down from the previous upward channel and the significant support at $63,000. The RSI indicator is at an oversold low (below 30), but momentum has yet to show a clear recovery. The price focus continues to shift downwards, lacking effective rebound strength in the short term. If it can hold the psychological level of $60,000, a potential oversold bounce could occur; if it fails to do so, a faster descent towards the $58,000-$55,000 zone is likely. Deeper support is around $52,000-$53,000, which is close to historical cycle lows and production cost lines, providing strong accumulation potential.
On the resistance side, short-term rebound pressure is concentrated at: $61,500-$62,500, with further rebound targets at $63,000-$65,000 (previous support turning into resistance and a dense moving average zone). If it cannot effectively reclaim $63k, the adjustment period may extend for weeks to months.
Bullish and bearish factors: Bearish factors include MSTR and other institutions reducing holdings, ongoing outflows from spot ETFs, fund rotations towards AI/stocks, and geopolitical and macro uncertainties. Bullish factors are long-term institutional allocation demand, miner cost support, and potential expectations for policy easing. The retail long-short ratio still leans bullish (some platforms over 1.8), but the main players' sentiment is neutral to bearish, making it susceptible to a reverse squeeze.
Trading strategy recommendations: In the short term, it's mainly a wait-and-see approach.
Longs can cautiously try to enter near $60,000, targeting $62k-$64k, with a stop-loss set below $59k;
Shorts can enter when the rebound at $62k-$63k shows weakness, targeting $58k-$55k.
Overall positions should be small with strict risk control. In the long term, although Bitcoin's bullish structure has been damaged, it has not completely reversed,
below $60k could be an important accumulation window. $BTC $ETH