This sharp decline was mainly dragged down by the US stock market. Why? It's mainly because inflation is severe over there, making the stock market sluggish, and our crypto market has also suffered as a result. The Nasdaq and S&P 500 both dropped over 1% yesterday; can the crypto market remain unscathed? Yesterday, the Americans stirred up fears about interest rate cuts, saying there won't be any before July 2025. The crypto market is also affected, truly a case of 'when the city gate catches fire, the fish in the moat suffer!'

So, now the question arises, has the panic passed? Can we buy back in? Don't rush, let me explain slowly. Remember, this is just my personal review and does not constitute any investment advice! The crypto market has risks, and investments should be made cautiously.

First, let's talk about $BTC. It is estimated to fluctuate between 93,000 and 98,000, and currently, the temporary bottom seems to have appeared at the position of 92,500 last night. The key still depends on the performance of the US stock market. If the US stock market drops again, we might have to suffer along with it. But if the US stock market stabilizes, then BTC may just linger around this position.

Next, let's discuss $BNB. It has performed relatively well in the last 24 hours, dropping less than Bitcoin, and is expected to consolidate between 680 and 720. The platform has also released some favorable news, along with airdrops and lock-ups, so its price will be relatively firm.

Finally, let's talk about $ETH. This one is a bit weaker, expected to fluctuate between 3,250 and 3,550. Why? It's mainly due to the large reduction in ETF holdings yesterday, which caused a panic. However, if it drops further, its volatility should be similar to BTC, and the possibility of it being severely oversold would be significantly reduced.

Now, let's discuss today's daily BTC technical analysis. From the K-line perspective, the hourly level shows an upward trend, the 4-hour level is bottoming out, the 12-hour level shows a downward trend, and the daily level shows a downward trend. Today's resistance level is 96,800, and the support level is 92,500 dollars.