February 19th Bitcoin and Ethereum Market Analysis

Currently, market liquidity is limited, and funds are only flowing into assets with stronger narratives. Economic positive news has a direct boost on tech stocks but has little impact on BTC. Moving forward, attention should be on whether the Federal Reserve minutes can bring the rate cut expectation back above 50%.
On the technical side, the support at $67,500 has been broken, with the next target at $65,000. A break below this level would require waiting for a secondary bottom to be completed. From a capital perspective, funds are currently flowing out of the U.S. market, and the bottom-fishing strength remains weak. The current decline is not necessarily a bad thing—only after completing a secondary bottom and establishing a solid base will the subsequent rebound be more powerful.