Recent market volatility has been intense, with geopolitical sentiment continuously fermenting, and emotions amplified infinitely. Global assets have become targets for capital speculation, with prices surging and plunging, and long and short positions switching rapidly.

Ordinary investors are still struggling to determine the direction, while institutions and large funds have already made precise layouts. Large leveraged trades are carefully timed, not due to luck, but showcasing advantages in information and capital.

Previously, Ethereum saw large buy orders entering at key price levels, strongly influencing the market, which also confirms that the current market is not entirely a fair game.

After geopolitical tensions eased, the market rebounded, but this recovery is mostly driven by sentiment, with weak fundamental support. External news remains the core driver of price movements.

The current rebound appears more like a phase of adjustment rather than a trend reversal. Time, structure, and sentiment do not support sustained strength. A short-term correction is clearly needed; do not mistake it for a bull turnaround.

Although there is no absolute logic for a sharp collapse in medium to long term, risks should not be underestimated. The $50k Bitcoin range remains an important consensus level in the market.

From a technical perspective, we are at a critical point: losing the $76k support could lead to a downward search for support, while holding it may allow testing the $80k level.

The real turning point depends on the upcoming geopolitical dialogue results—positive news may push prices higher, negative news may cause a pullback.

From a cyclical perspective, a deep phase correction is highly probable. If a weekly-level adjustment begins, the decline could accelerate quickly. Do not hold onto false hope.