The crypto market has already moved away from the previous large-range consolidation pattern and has officially entered a downtrend. The previous state of rapid rises and falls, repeated fluctuations, no longer exists. It has now evolved into a primarily declining trend, showing a cycle of downward movement, sideways consolidation, slight rebounds, and then further declines, like boiling a frog in warm water.

This trend has persisted for nearly a month, and many are wondering whether it is still possible to gradually position for long trades at this stage.

The biggest variable in the current market remains the geopolitical situation between the US and Iran. Frequent changes in related news and various statements continuously impact the market, causing investor sentiment to fluctuate repeatedly. In the short term, the expectation of interest rate cuts is unlikely to become the main driving force of the trend. Until inflation pressures and geopolitical risks show clear signs of easing, market liquidity will remain tight.

Meanwhile, on-chain funds continue to flow out. Although prices have repeatedly tested key support levels, the rebound strength has generally been weak, and large capital inflows have not been observed. The core contradiction of the current trend is no longer about the size of the downside potential but about the severe lack of market absorption capacity.

The market has not experienced a panic crash; instead, it is a slow weakening caused by continuous fund withdrawals. This kind of downward trend is the most exhausting for traders. Emotions are not released in a concentrated manner but are gradually eroded through prolonged oscillations, gradually undermining market confidence.

Overall, as long as there is no significant improvement in liquidity, the weak market pattern is unlikely to change. Compared to sudden crashes, this silent, slow decline is more worthy of vigilance.

For smaller timeframes, avoid considering the risk of a sharp decline; instead, focus on key points within the support and resistance zones, and do not engage in mindless long-short battles!

Marching south and fighting north, with 90s companions, patience will surely lead to a trend! #24h加密合约清算破4亿美元 $BTC