#比特币ETF市场动态 The recent market trend has made me remain vigilant. Bitcoin has fallen below the STH cost base and the -1 STD range, putting pressure on short-term buyers. The $95K-$97K range has become a key resistance level, regaining this area will signal a recovery in market structure. Spot demand is weak, with significant outflows from U.S. ETFs, and institutional allocations have not increased. The options market is repricing risk, with implied volatility rising. These factors all point to a market seeking stability.

I believe it is now a critical time to observe whether demand can re-emerge at key price levels. If it cannot stabilize, it may evolve into a deeper adjustment. It is recommended to closely monitor the support situation around $86-87K, while also paying attention to the impact of the US stock market on the crypto market. For copy trading strategies, it is advisable to adopt a more conservative partitioning approach and consider following traders who are skilled in defensive operations. Remember, in times of increased uncertainty, protecting capital is more important than pursuing profits.