#加密市场回调 The cryptocurrency market "turned upside down overnight": where to go after the plunge?

Panic is spreading wildly in the crypto market! Bitcoin has plummeted to 81,300, and Ethereum has also fallen below the 2,700 mark. Will the US market head straight to 80,000? This sudden crash has left countless investors terrified.

Macro Negative News: Double "Bombs" Trigger Panic

The recent sharp decline in the crypto market is primarily caused by macroeconomic negative news. The US government shutdown crisis has re-emerged, and this uncertainty has sharply increased market concerns about the economic outlook. Meanwhile, the Federal Reserve has explicitly paused interest rate cuts, significantly tightening market liquidity expectations.
The combination of these two "bombs" has triggered explosive panic in the crypto market. Investors are rushing to sell their assets, causing prices to plunge sharply, and the entire market has fallen into a slump.

Technical Analysis: Bears Rampant, Rebound May Be Limited

From a technical perspective, the two main cryptocurrencies are weakening across the board, with bearish dominance. Bitcoin's recent decline has completely wiped out the gains from the previous rebound. On the daily chart, the Bollinger Bands are widening downward, and the MACD indicator is in a bearish expansion phase;
The four-hour chart also shows downward pressure, with all short-term moving averages diverging downward. The overall trend is likely to continue downward. However, the stochastic indicator has entered the oversold zone, and the hourly MACD is shrinking, indicating a possible short-term rebound correction.
But in the current weak market environment, the rebound strength is expected to be limited and unlikely to reverse the overall downtrend.

Today’s Strategy: Focus on Key Levels, Avoid Blind Trading

Today’s focus should be on the rebound and correction after the decline.
With macro negative news continuing, the weak market pattern is unlikely to change quickly. Everyone should be cautious about the strength of rebounds after declines. The US market’s performance today will be a key indicator. Remember, do not blindly buy the dip or chase rallies. Beginners should be especially cautious, and protecting your principal is the top priority.