#加密货币市场分析 Reviewing the history of the crypto market, such sudden falls are not uncommon. At the end of 2017, Bitcoin dropped from a high of nearly $20,000 to around $3,000, and in 2021, it also experienced a rollercoaster from $65,000 to $15,000. Although it has now fallen from nearly $90,000 to $86,000, the decline is relatively small, but market sentiment has clearly turned cautious.

The fall of the US stock market, the outflow of ETF funds, and changes in interest rate hike expectations are all putting pressure on the crypto market. The sell-off during the US stock market opening hours is particularly evident, indicating a shift in attitude among American investors towards conservatism. However, rebounds often occur during the Asian trading session, suggesting that global market sentiment is not entirely uniform.

From a cyclical perspective, Bitcoin has just reached a historic high, and a short-term correction is inevitable. The key is to observe whether the upcoming support level can hold firm. If it can stay above the $80,000 mark, there is still hope for the market. However, if it falls below this psychological barrier, it is likely to trigger a larger-scale sell-off.

Historical experience tells us that the market always swings between extreme panic and excessive optimism. The current stage may be at a turning point from optimism to caution. Staying calm and controlling risk is the only way to navigate through market fluctuations.