Last night, the crypto market experienced a significant fluctuation, coinciding with two well-known figures from the tech and political spheres publicly expressing their differences. Market sentiment was noticeably affected, causing many investors to lose sleep. At its core, this public verbal conflict has raised concerns in the market about the future direction of policies.

Looking back at the market performance, the price of Bitcoin showed a downward trend of six consecutive negative hours in the early morning, and the bearish pressure increased significantly, and the price once touched the 100300 line for testing, and then the downward momentum weakened. Heading into the morning trading session, the market saw a restorative rally and the price climbed back above 102,000. This indicates that the night market broke the previous sideways pattern, essentially a concentrated purge of long positions in the range of 100,000 to 110,000.

From a technical perspective, the four-hour candlestick chart shows a long lower shadow clearly indicating a bottoming characteristic, followed by two consecutive bullish candles developing upwards, which initially releases a short-term buying rebound signal. Daily level analysis shows that after two consecutive days of bearish closes, a hammer candlestick pattern with a longer lower shadow has formed; however, today's market has not yet fully validated the effectiveness of this potential bottom signal.

The daily level observation indicates that the downtrend of Bitcoin is clearly visible, and investors need to closely monitor the support situation at the 100,000 integer level; Ethereum has a relatively deeper decline, with the 2330 price level becoming a key observation point.

It is worth noting that the non-farm employment data to be released tonight may have a decisive impact on the market direction over the weekend, and investors are advised to stay alert.

The market has significant fluctuations, and investment decisions should carefully assess risks.