Market Core Judgment

U.S. tech stocks retreat combined with rising interest rate expectations, a strengthening dollar, and deleveraging in peripheral markets, leading to a synchronized decline in cryptocurrencies. The daily trend line has been broken, so risk control should be emphasized, but a new round of decline is not yet confirmed; there is an expectation of support for U.S. stocks, and cryptocurrencies are mainly expected to fluctuate, so trading must include stop-losses.
BTC short-term bottom reference is 60,000, ETH short-term bottom reference is 1,600, and a significant break below these levels will trigger a new round of decline. Watch whether a new oscillating upward channel can form tomorrow.