In the turbulent digital sea of the crypto world, you and I are both navigators. The market is like the tide, sometimes pushing you to the peak, sometimes pulling you into the trough — but remember, every squat is for a more powerful jump. The recent days have been marked by fierce storms, whether it's Bitcoin or altcoins, all experiencing a sharp correction. This decline is influenced by the Federal Reserve personnel changes and the indirect transmission from the collapse of the non-ferrous metals market. Multiple factors stacking up have led to this rapid adjustment. Altcoins once dropped to around 2200 over the weekend, and Bitcoin also dipped into the 75,000 range, hitting recent lows. Market sentiment can be imagined — cries of despair everywhere.

From the daily chart perspective, today’s KDJ and MACD continue to show increasing downward momentum; the lower band of the BOLL channel is opening wide like a waterfall, indicating a strong bearish trend. On the main chart, the three moving averages remain in a strong bearish alignment, but in the short term, Ethereum’s price has diverged significantly from the 5-day moving average. Considering yesterday’s sharp decline, there is a possibility of some gap filling today, but it’s unlikely to fully recover to the MA5 level.

In terms of operation, it is recommended to stay rational and avoid blindly chasing longs. The current trend and market sentiment are still dominated by bears. Conservative traders should follow the trend, while attempting to buy against the trend should be done cautiously with small positions. In the short term, I personally believe there may be a slight technical correction, but the rebound strength is expected to be limited. If the rebound lacks momentum, the market could continue to decline with increased volume.

Trading suggestions:

Bitcoin around 77,000 short, target 75,000
Altcoins around 2,300 short, target down to 2,000