🤯 BTC at 60k wobbling, $BTC ‌ but fell first?

Brothers, last night's market really left people dumbfounded. BTC once dipped to 58,000, now barely crawling around 59,400. You thought it could stabilize? Then look away, and ETH directly dropped to 1,546, with a monthly drop of over 20%. Who can stand this?

👉 First about BTC: 58,000 was held last night, but 60k has turned from support into strong resistance. Today on Deribit, $10.5 billion quarterly options are concentrated to expire, with the max pain point still at 74,000 — bears have strong downward pressure. Whether it can recover 60k will determine the pace next.

👉 ETH is more heartbreaking: the key support of 1,600 has been broken, currently around 1,546. The funding rate is neutral, indicating neither longs nor shorts dare to act rashly. 1,500 is the last psychological line.

👉 $ETH ‌ relatively resilient: around 68.5, after losing 70, it's not as bad. But the daily moving averages are bearishly aligned, and the overall trend still follows BTC's lead.

💡 Personal observation: Fear and Greed index 12-13, extreme fear. Total liquidations across the network over $1.4 billion, the long squeeze is almost done. But after options expiration and PCE data release, will the market change its script?

When the market reaches this point, it's time to look more carefully in times of panic. It's not urging you to rush in, but not to cut yourself at the bottom.

What do you think? Is 60k the bottom or a bearish continuation? Share your judgment in the comments 👇

$SOL #BTC #ETH #SOL