#数字资产市场动态 Another round of plunging market!

BTC on the 1-hour chart has been completely taken over by the bears—dropping straight through the 91,000 level from 95,490, tearing open a downward gap in the Bollinger Bands channel, with the MACD death cross below the zero line and the bars expanding. This is no longer just a simple correction; frankly, it's a sell-off.

On-chain data shows large holders are quietly reducing their positions, coupled with regulatory news disturbing market sentiment, retail investors' psychology has already shattered. Earlier, I warned that "rallies are just traps," and now every candlestick confirms it.

To be honest: don’t try to guess the bottom, don’t try to catch the falling knife. In the face of a clear bearish trend, following the indicators is the safest—any rebound could be an entry point for shorting. The recent resistance level to watch is around 92,500.

Want to buy the dip? First, stabilize your positions. After this wave of decline, the bearish strategy continues to be in effect. Consider other options only when the market returns to a rational zone. $BTC $ETH