#美联储重启降息步伐 I watched the market movements this morning. $BTC has clearly weakened on the 1-hour chart.
The price has been stuck below the short-term moving average and hasn't broken out. The MACD is still in a death cross below the zero line, and the bears are unleashing a strong wave of pressure. What's more troublesome is that ETF inflows are starting to slow down, and new funds aren't keeping up. Institutions have also been adjusting their positions lately, increasing the selling pressure, while the market's buying power is obviously insufficient.
The key now is to see if several support levels can hold. For BTC, you can consider light short positions in the 93,800 to 94,500 range, and look at 92,000 as the first downside target. If that breaks, pay attention to 91,000. ETH is relatively weaker; you can set up positions around 3,220-3,250, with targets at 3,170 and 3,130.
A reminder: if key support levels are broken decisively, it could trigger a cascade of liquidations. When panic selling hits, volatility will be much greater than now. In this kind of market, position management is more important than anything else. $ETH $SOL
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RiddleMaster
· 15h ago
Is it going to drop again? It's so frustrating to watch. The selling pressure from institutions is so intense, I really can't take it.
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SybilSlayer
· 12-04 02:29
It's the same old rhetoric again: weak ETF inflows, institutions rebalancing... I'm tired of hearing it. Feels like every time the market weakens, they have to come up with this story. But the 93800 level is indeed worth a bet; now it's just a matter of whether institutions are really exiting or just faking it.
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JustHereForMemes
· 12-04 02:29
Dropped again, looks like even the Fed's rate cut expectations can't save the market. Institutions are really cashing out.
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MeaninglessGwei
· 12-04 02:21
Damn, the institutions are dumping again. This time they're really going hard.
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TerraNeverForget
· 12-04 02:14
Oh no, this again? I believe in institutional selling pressure, but is ETF weakness alone really enough to cause such a sharp drop? Feels like someone is putting on a show.
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rugdoc.eth
· 12-04 02:11
It’s the same old rhetoric again: when institutions rebalance, it’s called selling pressure; when ETFs are weak, it’s all bearish… Wake up, the Fed cutting interest rates is the main logic. Don’t be fooled by short-term candlesticks.
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PumpDoctrine
· 12-04 02:08
Yeah, this wave is really intense. The real issue is the ETF draining liquidity, and the pace at which institutions are pulling out is way too fast.
#美联储重启降息步伐 I watched the market movements this morning. $BTC has clearly weakened on the 1-hour chart.
The price has been stuck below the short-term moving average and hasn't broken out. The MACD is still in a death cross below the zero line, and the bears are unleashing a strong wave of pressure. What's more troublesome is that ETF inflows are starting to slow down, and new funds aren't keeping up. Institutions have also been adjusting their positions lately, increasing the selling pressure, while the market's buying power is obviously insufficient.
The key now is to see if several support levels can hold. For BTC, you can consider light short positions in the 93,800 to 94,500 range, and look at 92,000 as the first downside target. If that breaks, pay attention to 91,000. ETH is relatively weaker; you can set up positions around 3,220-3,250, with targets at 3,170 and 3,130.
A reminder: if key support levels are broken decisively, it could trigger a cascade of liquidations. When panic selling hits, volatility will be much greater than now. In this kind of market, position management is more important than anything else. $ETH $SOL