#加密行情震荡 $BTC slid from 70.6K all the way down to 68.3K, a 24h drop of 3.4%; $ETH is even worse, falling 3.8% and directly breaking through 2100. The 4h chart shows 5 consecutive bearish candles, with short sellers clearly in control. Interestingly, the ETH/BTC exchange rate continues to weaken, indicating that funds are prioritizing selling altcoins and secondary assets under risk-aversion sentiment.
Two key data points: BTC's 24h on-chain transactions are around $23.7 million, volume doesn't suggest panic selling; however, if the 68K level can't hold, the next support to watch is around 66.5K. ETH's 2000 round number is a psychological defense line — once it breaks, altcoins will face more severe cascade liquidations.
This pullback looks more like a weekend liquidity crunch plus profit-taking, not a trend reversal. But don't rush to bottom-fish in the short term — wait for Monday Asian session volume confirmation to determine direction.
Weekend "Familiar Script" — Market-wide Pullback
#加密行情震荡
$BTC slid from 70.6K all the way down to 68.3K, a 24h drop of 3.4%; $ETH is even worse, falling 3.8% and directly breaking through 2100. The 4h chart shows 5 consecutive bearish candles, with short sellers clearly in control. Interestingly, the ETH/BTC exchange rate continues to weaken, indicating that funds are prioritizing selling altcoins and secondary assets under risk-aversion sentiment.
Two key data points: BTC's 24h on-chain transactions are around $23.7 million, volume doesn't suggest panic selling; however, if the 68K level can't hold, the next support to watch is around 66.5K. ETH's 2000 round number is a psychological defense line — once it breaks, altcoins will face more severe cascade liquidations.
This pullback looks more like a weekend liquidity crunch plus profit-taking, not a trend reversal. But don't rush to bottom-fish in the short term — wait for Monday Asian session volume confirmation to determine direction.