Morning 11914058039 Data shows that there are indeed signs of panic; both short-term profit-taking and loss-making investors have clear indications of exiting the market. It seems that the sudden drop has shattered many people's perception that this is the beginning of a significant rise.
The overnight rebound did not have strong trading volume and the momentum is weak, currently, although it has temporarily stopped, the daily and four-hour charts are not very optimistic, with obvious signs of a downturn.
If today's main cryptocurrency does not return above 98000, it will clearly indicate signs of weakening momentum, with short-term adjustments and a focus on short-selling.