The market is currently in a state of extreme panic and intense correction,

Mainstream cryptocurrencies like BTC and ETH are approaching new lows in the next phase. More conservative users are advised to wait and see, confirming rebound signals before acting.
Key Data
BTC current price: 24-hour decline of -7.37%, reaching a low of 71,077 USDT
RSI oversold #当前行情抄底还是观望？ 24.0(, Fear & Greed Index at 12 ) Extreme Fear (
ETH current price: 24-hour decline of -8.0%, also in technical oversold territory, short-term support around 2,100 USD
Overall market sentiment: Significant disagreement between bulls and bears, mainstream investor numbers are close, but fear dominates
Technical analysis: Both BTC and ETH have clearly broken below major moving averages, MACD and KDJ indicate bearish dominance, currently oversold and near short-term technical support zones
Sentiment: Market is extremely fearful ) Fear & Greed Index at historic lows (, major funds have not shown large inflows, retail investor sentiment is subdued, but some institutions are accumulating on dips.
Fundamentals: No major black swan events observed, global mainstream financial institutions’ attitude towards crypto assets remains neutral, structural adjustments are mainly due to technical and liquidity weakening.
Data shows that mainstream coins have hit new lows in nearly 14 months, with institutions still slightly increasing holdings. In the short term, "panic selling" is frequent.
It is recommended to continue observing and wait for "bottom stabilization" signals, such as volume rebound, consecutive low-level bullish candles, and sustained inflows of large on-chain funds ) to avoid being dragged down by short-term panic "waterfalls".
The current market exhibits typical "cutting through blood" characteristics, with volatile short-term fluctuations and an unconfirmed bottom. Blindly increasing positions can lead to trapping, so diversify entries, set stop-losses properly; also monitor macro market changes and institutional movements to avoid emotional trading.