Last night, the US stock market plummeted immediately after opening, and the domestic markets followed suit and weakened. Trump has once again started to pressure Greenland with tariffs, and Europe is also panicking. With this series of combined measures, market sentiment further declined, and a continuous downward trend has become evident. Currently, the fear index is stuck at 25, which indicates that in the short term, everyone’s expectations for the market remain quite cautious.

From the movement of institutional funds, the situation is indeed not very optimistic. The BTC spot ETF has recently experienced a net outflow of $412 million, ETH has a net outflow of $138 million, and SOL has also net outflows of $500,000. In other words, institutions are also choosing to wait and see. It seems that Trump’s remarks have a significant impact on their decision-making. Interestingly, during the same period, gold prices rose against the trend, and this counter-movement phenomenon clearly illustrates the current market dynamics.

From a technical perspective, the liquidation map shows that long positions have been continuously cleared out, and currently, bears hold an absolute advantage with concentrated positions. This indicates that it will be quite difficult for bulls to break through the upward resistance in the short term. Therefore, the next step is to closely watch Trump’s speech at the forum to see what signals he will send to the market.

From a trend perspective, the overall outlook remains downward, with limited rebound strength. Therefore, short-term trading strategies should mainly focus on shorting at high points. Technically, the fluctuation range for BTC is reasonably set between 86,500 and 90,500, Ethereum between 2,850 and 3,050, and SOL between 120 and 130. If you are a spot investor, consider gradually starting to position and enter accumulation mode, prioritizing main value coins like BTC, ETH, and SOL.

Trading strategy suggestions:

For BTC: Short positions can be opened around 90,000 or entered on rallies, with additional positions added at 92,000, and partial profit-taking at 87,000.

For ETH: Short positions can be opened at 3,020 or on rallies, with additional positions at 3,100, and partial profit-taking set at 2,880.

For SOL: Short positions can be opened at 129 or on dips, with additional positions at 135, and partial profit-taking at 122.

Here are two warm tips: First, set stop-loss levels based on your own risk tolerance and liquidation price—there’s no need to blindly copy others’ numbers. Second, most importantly—don’t be greedy. Take profits when you can. It’s better to exit early with small gains than to hold on and suffer larger losses. Of course, if your judgment on the direction is correct, holding on is also fine, but only if you have strict risk control awareness.