Today is Wednesday, good morning everyone~

Last night, risk sentiment in the peripheral markets clearly cooled down, with U.S. tech stocks collectively pulling back, putting some pressure on the crypto market. The Nasdaq closed down more than 2%, with AI and semiconductor sectors hit hardest, as popular stocks like Nvidia and storage chips experienced profit-taking, and crypto-related stocks also weakened, with market risk appetite significantly declining.

From recent trends, Bitcoin's current correction is not solely caused by internal factors within the crypto market, but more influenced by the global risk asset adjustments. As U.S. stocks fluctuate at high levels and some funds begin to reduce risk exposure, the crypto market also feels the emotional contagion, and bullish confidence has been further shaken.

Currently, the market still operates within the lower boundary of the daily oscillation range, with limited rebound strength and an overall weak trend. Although short-term volatility is not particularly large, market sentiment has entered a cautious state again, with a clear increase in funds' wait-and-see attitude.

According to data up to yesterday, the overall net inflow into crypto ETFs is about $31 million, with the scale of fund inflows relatively moderate. No significant new capital influx has been observed yet, so future focus should remain on ETF fund flows and whether new positive catalysts will emerge in the market.

In terms of trading, I personally believe there is no need to rush to chase gains at this stage. More importantly, observe when the market can truly stop falling and stabilize.

Key levels to watch:

BTC: Support around 61,000
ETH: Support around 1,600
SOL: Support around 66

Until the market shows clear signals of stabilization, it is still advisable to adopt a wait-and-see approach or focus on intraday short-term trading, $BTC patiently waiting for a directional move.