Charts do not lie: BTC/ETH key support levels breached, entering 'bear market level correction'
Market Analysis
- BTC: The pullback from the year's high has exceeded 40%, with the strong support at 86,000 turning into resistance, and the lower level of 74,000 being the final psychological barrier.
- ETH: After breaking 2,900, it has lost its momentum, with 2,000 in sight.
Capital Flow: Institutional ETFs are accelerating, while on-chain whales are active but struggle against retail panic selling.
Strategy Choice: When market momentum is fueled by capital, shorting is the best solution to hedge risks.
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