#加密市场回调 has plummeted from the high point of 126,000, with a drop of over 30%. Now it is stuck at the position of 85,000. At the 80,000 barrier, neither the bulls nor bears are willing to give way.

Recently, to be honest, the market situation is quite concerning. The expectation of interest rate cuts from the Federal Reserve has cooled, the liquidity of the US dollar has tightened, and what's worse is that those spot Bitcoin ETFs in the US have been experiencing massive outflows—institutional funds are withdrawing, which is the most critical issue. The market's panic sentiment has already fallen to an all-time low.

The technical chart is more complicated: the 200-day moving average has already been broken, and the "death cross" signal is glaringly there. But paradoxically, the MACD has shown a golden cross, suggesting that a weak rebound might occur in the short term? It's quite contradictory.

Looking down, if 80,000 is lost, the next stop is likely 74,000; to catch a breath, it must first stabilize at 88,000. But ultimately, the current situation still depends on how macro liquidity and regulatory policies develop.

Don't mess around with operations; at times like this, don't even touch high leverage. Control your position well before doing anything.