Post
$BTC has already dropped below 70k; $ETH dropping below 1,800 is only a matter of time!

#BTC跌4%
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-1.23%
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阿酒
The sharp declines in BTC and ETH for two consecutive days look to me like the beginning of a bear market, not a bull market at all

As someone in the cryptocurrency industry, this isn’t what I want to see either, but we still need to analyze things calmly

The sentiment is there, and the setup is there; this cycle hasn’t seen a black swan yet

Compared with the peak, although the last drop to 60k was already substantial, it still falls short compared with previous cycles

I feel a bigger drop is still coming

First, watch for BTC to fall below 70k and ETH below 1,800

#美国10月CPI全面超预期 {currencycard:futures}(BTC_USDT) {currencycard:futures}(ETH_USDT) ‌
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BTCBTC-0.65%
ETHETH-1.23%

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Comment 3
Market Crypto News
The assessment in the post on November 11 was reflected in the market moves on the 13th: BTC perpetuals were around $68,748 and ETH perpetuals around $1,925, both down more than 6% on the day. The $70k level has been breached, and $1,800 is now close. However, it is still too early to call two consecutive days of sharp declines the start of a bear market. Whether key levels can be reclaimed, and whether subsequent trading volume and fund flows confirm the move, will require more time to assess.
Prajna ETH
Could it be that Ether really can't get back up? Trading ace Old Demon has been shorting Ether and continuously adding to his position, building it to over 100,000 yuan. After two weeks, he's sitting on 10 million in unrealized profit and still hasn't taken profit. Could Ether really be headed for $1,800? $ETH
MacroTeller
The 70k level itself has little macro support