#BTC fell below the $53,500 mark in early trading, and the market fell into violent fluctuations.

Large transfers from Mt. Gox cold wallets to addresses held by the German government triggered "panic" in the trading circle,

especially considering that the value of BTC held by these addresses is in the range of $40,000 to $47,000, indicating that selling pressure is about to intensify.

#ETH is holding on to key support levels and is seen as the last line of defense before the market crashes.

Future market trends show that ETH is still in an upward channel, and open interest (OI) data shows that despite the recent correction to nearly $2,800,

there are no signs of large-scale selling. Bearish sentiment may intensify in the short term.

If ETH fails to stabilize, it may fall below $2,700, and OI may fall below 2 million, triggering large-scale liquidation risks.

Ethereum is trying to reclaim the key support range of $2868 to $2902.

If the daily closing price can maintain this level or higher, it may prevent further decline and start the road to recovery.

But if the market panic (FUD) continues, BTC may drop to $52,000 support, which will drag ETH below $2,700 before the weekend.

#WLD #SOL #ORDI

First of all, we must recognize the situation and ourselves!

What is the purpose of coming to this circle?

Build a complete plan for yourself, when to buy? When to sell?

What target to buy, what is the strategy? How to do risk control? How to manage positions?