BTC: Bitcoin closed with a "small negative line" yesterday, indicating that market sentiment was weak, and accompanied by a net outflow of $672 million in spot ETF funds, market panic has intensified.

Overall, even if there is an oversold rebound in the short term, it is difficult for the price to return to above the 5-day moving average, and the selling pressure from above is heavy. If the bulls fail to stabilize effectively at the 30-day moving average, the subsequent fluctuations may be downward and test the 60-day moving average and the 120-day moving average.

ETH: Ethereum closed with a "big negative line" yesterday, and has fallen below the 30-day moving average. Although there is a demand for an oversold rebound in the short term, there is still a possibility of further testing the 60-day moving average and the 120-day moving average in the short term. Be patient and wait for adjustments, and there is still a chance to resume the upward trend in the future. Pressure reference: around 4500; around 4870;