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以太坊（ETH）最近表现活跃，目前稳在 3150 美元上方，并开始新一轮上涨的准备。短期来看，ETH 正在盘整整理，如果多头继续发力，有机会突破 3350 美元，开启新一轮上涨行情。

回顾近期走势，以太坊曾从 3450 美元高点开始回调，目前价格仍高于 3200 美元和 100 小时简单移动平均线，显示多头力量仍在市场中占据优势。技术面上，ETH/USD 小时图上已经形成了一条新的上升趋势线，支撑位在 3180 美元附近，这意味着只要价格稳住这个支撑，后续上涨空间仍然存在。

当然，投资者也需要注意风险。如果价格跌破 3150 美元支撑区，短期内可能会继续下探。下方的关键支撑位则分别在 3180 美元和 3150 美元附近，一旦跌破，短线回调压力会加大。

目前技术指标显示，以太坊整体仍偏向多头。简单来说，支撑稳住 → 有望上涨，支撑失守 → 可能回调。对于币圈小白来说，可以把现在理解为：以太坊在关键支撑区间整理，多头在等待下一波突破机会。

总的来看，ETH 短期机会与风险并存：短线投资者可关注 3150～3180 美元支撑区，突破 3350 美元阻力则意味着上涨趋势可能继续。长期投资者则可以关注整体上升趋势线，耐心等待价格稳步上涨机会。

一句话总结：以太坊守住支撑就有上涨机会，跌破支撑则需警惕短期回调。

The current price of Bitcoin is stable at over 90,000 USD, with support levels relatively stable. In the short term, it may continue to rise and even has the opportunity to break through the resistance level of 94,000 USD.

Recently, Bitcoin has pulled back slightly from around 94,500 USD, but the current price is still above 92,000 USD and has also stabilized above the 100-hour moving average. This indicates that the overall trend remains bullish, and there is not much downward pressure in the short term.

From the chart, there is a bearish trend line on the BTC/USD hourly chart, with resistance around 92,950 USD. If Bitcoin can hold steady around 93,500 USD, this resistance line is likely to be broken, and the market could enter a new round of upward movement.

In simple terms: 90,000 USD support holds steady → Short-term rise is likely; breaking 94,000 USD → Greater upward potential. The current trend is still worth monitoring. If the price maintains key support, investors can look forward to the next wave of increases.

According to CoinMarketCap data, PENGU has fallen by 11% in the past 24 hours, becoming the biggest loser among the top 100 cryptocurrencies. This rapid decline typically suggests that prices may continue to weaken, but market sentiment also indicates that bulls could enter at any time, allowing for a short-term rebound opportunity.

Why the drop? The primary reason is the significant pressure in the derivatives market.
The open interest for PENGU (the amount of money being bet) evaporated by 19% in one day, equivalent to 15.4 million dollars leaving the market. The outflow of funds combined with the price drop usually indicates that the market is starting to turn more bearish.

At the same time, about 1 million dollars worth of long positions have been liquidated in recent days, indicating that many investors betting on price increases have been shaken out. The recent long-short liquidation ratio is also quite evident: for every 1.1 dollars of shorts that were liquidated, there were 9.9 dollars of longs that were liquidated, showing that the pressure on the longs is significantly greater.

However, the market is not entirely bearish. In fact, several bullish signals have emerged.

The most obvious is Binance. Binance is the exchange holding the most PENGU derivatives, with an open interest of up to 22.7 million dollars. Moreover, Binance's long-short ratio is at 1.6, indicating that buying power outweighs selling power, reflecting stronger bullish sentiment.

Additionally, the financing rate in the derivatives market has turned positive (0.0082%), suggesting that more people are willing to pay interest to go long, which is typically a bullish market signal.

There is also capital inflow in the spot market.
In the past 48 hours, approximately 2.26 million dollars have been used to buy PENGU. On December 10 alone, the net purchase was 1.76 million dollars. And as of today, about 500,000 dollars have been bought so far, with buying pressure continuing to increase.

Solana's recent performance can be described as "steady yet fierce." It has been the highest trading volume among all decentralized exchange chains (DEX chains) for 16 consecutive weeks, with trading volume even twice that of Ethereum. Since the beginning of this year, funds have continuously flowed into Solana, with a total amount exceeding 634 million USD, indicating that more and more users and projects are migrating to the Solana ecosystem.

This enthusiasm continues. Coinbase has just launched its own Solana DEX trading platform, allowing users to directly swap SOL and USDC on-chain, which is expected to further boost Solana's trading volume and benefit the ecosystem.

On the institutional side, Solana-related ETFs have also performed well, with continuous capital inflows for several days, and the market sentiment is generally bullish. Some analysts even believe that SOL has the opportunity to challenge 400 USD in the future (of course, this is a relatively optimistic expectation).

In terms of price trends, SOL has recently been pressured by the resistance level of 144 USD, with multiple attempts to break through failing. If it still cannot break through in the short term, the price may see a correction before Christmas, and then look for opportunities to challenge higher levels.

Currently, the most critical factor is a "demand support zone" on the chart.
If SOL can hold this area → the bullish trend can continue
If it breaks below this support → the current upward structure may fail, and short-term trends may weaken

In simple terms: Solana's fundamentals are strong, with continuous capital inflows, but whether it can continue to rise in the short term depends on whether it can hold important support before challenging the resistance level of 144 USD.

Dogecoin has recently dropped by 5%, but the price remains stable at around 0.13 USD. This decline is mainly influenced by the overall cryptocurrency market: the entire market has fallen by about 2.3% in the past 24 hours, with a cumulative decline of nearly 14% this month. The Federal Reserve's third interest rate cut this year was expected to be beneficial for the market, but instead, it has made investors more uncertain, compounded by a sharp decline in tech stocks and the liquidation of $166 million worth of Bitcoin longs, leading to poor market sentiment.

However, the technical aspect of Dogecoin has not completely deteriorated.

Analysts point out that DOGE is currently sitting on a key support level, which is the bottom of a symmetrical triangle pattern. If this support holds, it may welcome a decent rebound, with a chance to push towards 0.20 USD.

From the weekly chart perspective, the price remains stable at a critical position, rekindling hopes for many about whether "Dogecoin can rise to 1 USD" in the future. Some analysts even believe that if the trend fully unfolds, Dogecoin could rise by as much as 600%, though this is a rather optimistic expectation.

In the short term, the key point for DOGE is at the support level of 0.13 USD. If it breaks below, the next target might be 0.1250 USD; if it stabilizes or even rebounds, the next resistance to break through lies in the range of 0.14 to 0.15 USD—breaking through here would truly provide an opportunity to enter an upward trend.

Currently, the performance indicates:
RSI at 51: market sentiment is normal, neither bullish nor bearish.
MACD has shown a bearish signal: short-term pressure may still be present.

In simple terms: Hold above 0.13, a bright future is still possible; break below 0.13, caution is needed in the short term.

Although Bitcoin has been relatively weak recently, the overall structure is actually quite stable, and there hasn't been a dramatic "crash" trend. The chart shows an upward support line, and every time the price is driven down, it is caught by buying pressure at this line, indicating that the market has not given up on the long-term goal of reaching $100,000.

Currently, there is a lot of pressure above Bitcoin: the 50-day, 100-day, and 200-day moving averages act like a "three-layer ceiling" obstructing upward movement. However, the key point is that it hasn't broken the structure. Each pullback has been very "restrained," unlike the distribution seen after a peak, but rather resembles a slow accumulation of funds. If the market were really going to crash, this upward trend line would have already been broken.

The RSI is currently in a neutral zone, indicating that the market is neither overheated nor in a state of panic. This stable state is a typical characteristic of a "bottom being gradually formed." Trading volume remains balanced, with no panic selling, nor the explosive volume surge that usually occurs before a peak, indicating that we are still "building a foundation," not at the end of days, nor at a climax.

The next key challenge for Bitcoin is $95,000. Once this level is broken, it will truly begin to touch the "six-figure door." But the premise is that the moving average pressure must be effectively broken.

In simple terms:
The upward trend line below is still intact → Structure is safe
The moving average pressure above is very strong → Short-term upward movement is difficult
No panic selling, nor signs of a crash → The market is gathering strength
If the support line is not broken → There is still a chance to hit $100,000

So, Bitcoin currently seems to be warming up in place. It won't "take off" before breaking resistance, but as long as the support holds, its upward trajectory is far from over.

Ethereum has recently experienced a typical "false breakout" market: the price surged to resistance levels, seeming poised to continue rising, but was immediately pushed back down, erasing a wave of gains in an instant. This kind of movement usually indicates that the short-term rebound may be coming to an end, and the strength of the bulls is not strong enough.

Why does this "false breakout" occur?
Because there are several layers of pressure above Ethereum: the descending trend line, the 50-day moving average, and the 100-day moving average. These positions are equivalent to a "ceiling." If the market were really strong, it would break through these resistances directly with trading volume, but this time it surged without much buying support—resulting in a natural pullback.

What does a normal healthy rise look like?
● The price can steadily hold above the resistance after breaking through
● Trading volume increases (indicating active buying)
● Pullbacks turn resistance into support, then continue upward

But this time, the situation is completely the opposite:
● Trading volume actually shrank during the surge
● It was quickly smashed back down upon hitting resistance
● Large holders clearly took advantage of the rebound to sell

This level of false breakout, based on past experience, often means:
✔ Next, it will either enter a deeper correction
✔ Or it will enter a period of sideways movement

However, it is not entirely pessimistic. Although Ethereum has been troubled by selling pressure in the past few weeks, the price has not collapsed; instead, it has continuously shown "higher lows" under selling pressure, indicating that bottom buying is still present. The RSI is also not exaggerated, with no signs of overheating or panic.

What should we watch next?
The key support zone is between 3050 and 3150 USD.
If ETH can hold here and challenge the 50-day moving average again, while trading volume increases, then the next round of breakout may come. Once it successfully stands above the 50-day and 100-day moving averages, the bullish trend will significantly strengthen, and the target of 3500 USD or even higher will return to expectations.

In summary:
Short-term resistance and false breakouts are evident, but the trend is not dead. After holding the key interval, Ethereum still has the opportunity to attack again.

Recently, many people have been asking: “Has the rise of Shiba Inu Coin come to an end? Has it cooled off again?” In fact, while the title sounds alarming, the situation is not that extreme from the charts. Currently, SHIB seems to be in a weak, hesitant, and not very strong range, but it is far from being a “dead coin” where no one trades, and it just fluctuates randomly.

First, let's look at the technical side. The price of SHIB is currently pressed below the three key trend lines of the 50-day, 100-day, and 200-day moving averages. To put it simply, it has been in a downtrend for quite a while, and it won't be easy to suddenly reverse upwards in the short term. The last time it approached the 50-day moving average, it was pushed back down, indicating that there are still more sellers than buyers in the market.

Next, let's look at the trading volume, which has been relatively low. Even if it rises occasionally, it lacks strength because there is no significant capital following. Every time it tries to break through the resistance level of $0.0000090, it gets pushed back down, which indicates that the market is not yet ready for a real upward movement.

The RSI (Relative Strength Index) is also around 40, which falls into the “weak but not flat” range. It indicates that people's confidence is insufficient, but SHIB has not been completely abandoned. In fact, SHIB's trend is still similar to other altcoins: when it drops significantly, it attracts speculative investors looking to buy the dip, and when it hits support levels, there are still buyers, so it is still operating on a normal trajectory.

What will happen next?
It hinges on two key points:

① If it breaks below the support zone of $0.0000080–$0.0000083, it may continue to drop to the $0.0000070 range, which would be quite dangerous.

② If it can stabilize and make another attempt at the 50-day moving average, and this time finally comes with trading volume, then there is a chance to turn bullish again. Otherwise, it would just be another false rebound.

Summary: SHIB is not “dead” right now, but it also hasn’t reached the point of taking off. It is struggling in a weak trend, and patience and risk management are the most important.

On December 10, after the Federal Reserve announced a 25 basis point interest rate cut, the cryptocurrency market reacted mildly but positively. Chairman Powell stated at a press conference that the labor market is beginning to weaken and that policies will be further relaxed based on future data. This led the market to believe that the rate cut may just be the beginning, but it is still uncertain.

Overall Market Cap Slightly Rises
After the announcement, the total market capitalization of cryptocurrencies slowly increased to approximately $3.26 trillion. Market sentiment is positive, but there is no frenzy, and traders are still observing whether the Federal Reserve will continue to cut rates.

Altcoins Also Steadily Recover
The market cap for altcoins has also risen to about $1.46 trillion. The trend is similar to the overall market: first hesitating, then slowly climbing. Overall, the sentiment is optimistic, but there has been no explosive growth, as Powell's remarks still emphasize "uncertainty."

Bitcoin Shows Resilience
After a brief decline, Bitcoin quickly rebounded to around $92,297. The RSI indicator is in the neutral to slightly bullish zone, indicating that momentum is strengthening, but it has not yet entered a strong zone. The price being able to maintain above $92K is related to the following factors:
The Federal Reserve acknowledges the weakening job market, which is generally positive for BTC macros
Market expectations for potential further rate cuts
However, BTC has not yet broken through key resistance levels, indicating that funds are in a "wait-and-see" mode.

Ethereum Performs Better
ETH closed around $3,335, with the RSI nearing 58, clearly stronger than BTC. Improved liquidity, whale buying, and a favorable technical structure are the reasons for its strength.

Summary: The Market is Optimistic but Not Ready to Charge
This rate cut has improved market sentiment, but everyone is still waiting for more signals, such as whether future data can prompt the Federal Reserve to continue cutting rates. Once the confirmation of a loosening cycle begins, the cryptocurrency market may welcome a larger-scale rebound.

In the past 24 hours, Dogecoin (DOGE) has risen slightly by 4%, reaching $0.1464, mainly due to the overall strengthening of the market ahead of the Federal Reserve's interest rate decision. However, from a broader time perspective, Dogecoin has still fallen by 2.5% over the week, 19% over the month, and has accumulated a drop of over 60% this year, with the overall trend remaining weak.

But recently, some signs of strengthening have appeared.

First, Dogecoin has successfully held the very critical support level of $0.13 and has started to rebound from here.

Technical indicators are also improving:
The MACD has been steadily moving up from the low point at the end of November, slowly approaching the 'zero line', indicating a chance for a real reversal.
The RSI has ended its long-term oversold state and is approaching the midpoint of 50, suggesting that buying strength is gradually increasing.
These technical changes indicate that Dogecoin has met the conditions for a rebound, only needing market sentiment to further cooperate.

In addition to technical aspects, institutional actions are also noteworthy.
Bitwise and Grayscale both launched Dogecoin ETFs on the New York Stock Exchange at the end of November, while earlier in September, Rex-Osprey's Dogecoin ETF had already been listed. Currently, Dogecoin is the only meme coin in the United States with an ETF, giving it an advantage over similar coins and creating a better foundation for future capital inflow.

Although the launch of the ETF did not cause prices to soar immediately, it has strengthened Dogecoin's 'regular army' attribute, which is definitely positive for long-term trends.

In terms of future trends, the market's main focus is on the Federal Reserve's interest rate decision.

If we really enter a rate-cutting cycle, the overall crypto market may welcome a rebound. For Dogecoin:
If sentiment improves, there is a chance to challenge $0.20 before the end of the year.
If the trend remains stable, it may even challenge $0.40 by mid-next year.
However, if Dogecoin breaks the critical support at $0.13, the upward momentum may be interrupted.

In summary:
Dogecoin currently shows 'signs of recovery' in both technical aspects and institutional layout, but it remains a typical sentiment-driven asset, highly volatile, and strongly correlated with macro policies. It is recommended to keep a close eye on key price levels, stay calm, and avoid chasing highs.

Recently, the cryptocurrency market has experienced a significant fluctuation, primarily influenced by the hawkish interest rate cut news from the Federal Reserve. The market originally expected the Federal Reserve to cut rates by 25 basis points on December 10, with a probability as high as 89%. Investors believed this was a positive sign, but the actual situation was not so optimistic. Federal Reserve Chairman Jerome Powell emphasized that inflation remains above target, suggesting limited rate cut magnitude, and his tone was more 'hawkish' than the market expected. This has tightened the financial environment, with the U.S. 10-year Treasury yield rising to 4.25%, exacerbating leverage pressure in the cryptocurrency market.

Data shows that in the past 24 hours, approximately $519 million in cryptocurrency positions were forcibly liquidated, with long positions accounting for $370 million, and the open interest dropping to $131 billion, indicating that investors are reducing risk. Besides the United States, Japan's interest rate signals have also impacted the market. The yield on Japan's two-year government bonds has broken 1% for the first time in a decade, increasing the risk for arbitrage trades financed in yen, leading to some positions being liquidated, while global leverage usage has decreased, further disrupting cryptocurrency prices.

Analysts point out that Bitcoin may find support between $88,000 and $84,000 in the short term. Standard Chartered has lowered its year-end Bitcoin price target, and Coin Bureau co-founder Nic Puckrin believes that the current market uncertainty is high, making the possibility of a significant rebound in December relatively low. Only when the financing environment stabilizes and spot demand increases could a short-term recovery be realized.

Moreover, the macroeconomic signals from the European Central Bank have also heightened market caution. The Eurozone core inflation surpassed expectations, limiting the recent rate cut space for the ECB, similar to the Federal Reserve, which has weakened investors' interest in risk assets, putting short-term pressure on cryptocurrencies. Overall, the current market is affected by multiple bearish factors, increasing volatility, and investors need to pay attention to support levels and risk control.

Recently, the price of XRP has begun to experience a new round of declines. After the price broke below the important resistance area of $2.10, bulls lost control in the short term, and the price fell back. Currently, XRP's short-term trend is weak, and the price is encountering pressure around $2.050, which has become a short-term resistance, making it difficult for bulls to break through easily.

Technically, after breaking below the $2.040 area, the price continues to decline and is currently below $2.020, while also breaking below the 100-hour simple moving average, indicating a bearish short-term trend with selling pressure dominant. On the hourly chart, XRP is forming a descending trend line, with $2.050 becoming a clear resistance level, and the price tends to be pressured back down at this position during each rebound. In simple terms: it is challenging for XRP to rise easily in the short term, as it tends to be pushed back down when encountering resistance.

If the price continues to decline and breaks below the psychological level of $2.00, the drop may further expand, and the short-term support level will become a focus of market attention. Investors can see $2.00 as a key safety line; if it holds, a rebound may occur; if it breaks, the price may drop to lower levels.

Overall, XRP is currently in a short-term downtrend channel, with weak prices and limited rebound space. In the short term, investors should pay attention to the performance of the key resistance at $2.050 and support at $2.00, operating cautiously to avoid chasing highs or blindly buying. The current market momentum is bearish, with both bullish and bearish forces temporarily leaning towards the seller, and the short term is likely to remain dominated by a volatile downward trend.

Recently, the price performance of XRP has been somewhat volatile. Starting at $2.09, it fell by about 4.3%, dropping to $2.00 at one point. The overall volatility for the day reached 5.4%, mainly due to the price being repeatedly blocked in the $2.08–$2.10 range, creating significant selling pressure and leading to high volatility corrections.

In terms of trading volume, it peaked at 172800000 UTC time 19:00, which is 205% higher than the average daily trading volume, indicating that this price drop is not coincidental, but rather involves significant capital participation. It can be understood that institutional funds are defending the resistance area of $2.08–$2.10, not wanting the price to break through easily. Towards the end of the trading session, XRP stabilized slightly, forming a support level higher than the previous low, with the price stabilizing around $1.999–$2.005, suggesting that although there is a short-term decline, selling pressure has temporarily eased.

Regarding support and resistance, the psychological level of $2.00 is a key support, with a soft support area around $1.95, consistent with previous concentrated buying areas. If the price can hold above $2.10, the structure may turn bullish in the short term; conversely, the resistance formed by $2.08–$2.10 remains strong, making it difficult for short-term bulls to break through.

From an overall perspective, XRP has formed a triangular contraction pattern on the exchange over several months, with supply from exchanges decreasing and the range gradually tightening. The price is currently hovering in the mid-range, with neither a confirmed breakout nor a confirmed breakdown. Short-term momentum is bearish, and attempts to rebound have stalled below $2.08 as trading volume decreases, indicating that subsequent upward movement may be lackluster, and attention should be paid to the maintenance of support levels.

In summary: XRP is facing pressure in the short term, with $2.00 as key support and $2.08–$2.10 as strong resistance. The price is currently fluctuating within a consolidation range, with a weak short-term trend, but stabilization towards the end of the session indicates that the decline is temporarily under control, and investors should pay attention to changes in key support and resistance.

Recently, the price of Dogecoin has experienced a new round of decline. Previously, DOGE had been hovering around 0.1450 USD, but once it fell below this key level, the price began to accelerate downward, now below 0.140 USD, and has broken below the 100-hour simple moving average. Simply put, the short-term bullish support is insufficient, and selling pressure has the upper hand.

On the hourly chart, Dogecoin has also broken below the previous upward trend line, indicating that the strength that previously supported the price increase has weakened. 0.1450 USD was once a short-term support, but now the price is below it, temporarily suppressing short-term bulls. If DOGE cannot quickly return to 0.1420 USD or higher, the downward trend may continue to expand.

Currently, Dogecoin is fluctuating within the range of 0.140–0.142 USD, but pressure remains high. For ordinary investors, this means that there is a higher risk of chasing the price upward in the short term, and it is advisable to pay attention to whether the support level holds before considering action.

Overall, the market for Dogecoin is weak in the short term. If the price cannot hold above 0.1420 USD, it may further decline. Investors need to pay attention to changes in key price levels to avoid blindly chasing upward or downward. In simple terms: currently, sellers are dominant, the price is consolidating at a low level, and whether a rebound occurs depends on whether anyone is willing to buy at the support level.

On December 10, the Federal Reserve announced a 25 basis point interest rate cut, and this news instantly triggered a "roller coaster" market in the cryptocurrency sector. As soon as the news broke, the market initially surged, with investors believing that cryptocurrency prices would rise sharply, but they were quickly suppressed by short sellers, and the price turned downward.

Specifically, Bitcoin initially surged from $92,900 directly to $94,500, looking strong, but it couldn't hold its ground and quickly fell back to $90,877, a decline of about 1.23%. In other words, in a short period, everyone experienced fluctuations of first rising and then falling, with few making profits and many incurring losses.

Other mainstream coins didn't perform well either. Ethereum saw a slight decline and couldn’t follow Bitcoin's upward movement; Solana (SOL) dropped over 3%, showing a significant decrease; while Dogecoin (DOGE) fared worse, plummeting by more than 4%. Overall, although the interest rate cut news theoretically benefits market liquidity, the actual reaction brought about severe short-term volatility, and cryptocurrency investors need to be aware of the risks.

In simple terms: once the news was released, the price was first driven up by bulls and then pressed down by bears, making the short-term market very unstable. Investors should be cautious during such times, avoiding blindly chasing prices or panic selling, while paying attention to support and resistance levels and setting reasonable stop-loss orders, which are key to reducing risk. Simply put, this market trend can be described as "first enjoying a wave, then getting startled," and everyone needs to maintain their composure to safely navigate through it.

Recently, the price of Ethereum has experienced some fluctuations. After breaking through $3350, ETH once surged to $3450, but then began to fall back, showing that the market is somewhat weak in the short term. The price has now returned to around $3200, which is a key position as it is close to the 100-hour moving average, and the short-term trend needs to be closely monitored.

From the chart, Ethereum has broken below the previously supportive upward trend line (around $3240). This indicates that the buying power in the short term has weakened. If the price continues to break below $3200, it may trigger a new round of declines, increasing short-term risks.

For newcomers in the cryptocurrency world, this can be understood as: after a wave of increases, the market is taking a "breather", and the price may slightly pull back or even test lower points. The key focus is at $3200; if it can hold here, it may stop the decline and rebound; if it breaks below, there are lower support levels that need to be observed, and the market may weaken in the short term.

Overall, Ethereum is currently in a phase of volatile correction, with short-term bullish and bearish forces alternating in a tug-of-war. Investors can pay attention to support and resistance levels, operate cautiously, and avoid chasing highs or blindly bottom-fishing.

Bitcoin's rebound failed to break through $94,000, and now it is clearly starting to weaken, with short-term risks increasing.

At first, BTC encountered strong resistance around $94,500, and buying pressure could not hold, leading to a price decline. It then fell below $92,000, even failing to maintain the 100-hour moving average, indicating that the short-term trend has turned weak.

More importantly: Bitcoin has broken below the support trend line at $91,600 on the hourly chart (simply put: the "slope" that originally supported prices upwards is gone), which usually means that the market may continue to slide downwards.
Next, we need to pay close attention to $89,500.

This is a very critical defensive level; if it breaks below here:
Bullish support will be further pierced.
The market may enter a new round of decline.
Bitcoin may test $88,000 or even lower positions.

To summarize for you:
After Bitcoin failed to break $94,000, it began to accelerate its pullback, with important support levels continuously being breached. If $89,500 is broken again, then the short-term may continue to go down. It is currently in the "failed rebound → accelerated weakening" phase, and bulls need to quickly regain above $92,000 to have a chance to turn the situation around.

🏦 1. Federal Reserve "Wants to Cut Interest Rates, But Not Enough"?
The market originally expected the Federal Reserve to make significant cuts to provide a bit of "liquidity," but now the expectation is only a 25 basis point cut.
In simple terms:
👉 Originally, everyone thought there would be a large cup of water, but now only a small cup is poured, so it doesn't boost the market much.
This has led traders to question whether this small rate cut is enough to alleviate the tight liquidity issue.

🏛️ 2. Banks Becoming Cautious, Making the Market More Tense
A report from the U.S. regulatory agency OCC shows:
Some large banks are tightening services related to cryptocurrency.
This tightens the liquidity further and raises market concerns about a more "strict" regulatory environment.
In layman's terms:
👉 Banks are becoming more cautious about cryptocurrency, and the market got tense all of a sudden.

📉 3. Chain Reaction of Liquidation from Leverage
Another significant reason for this decline: a large number of leveraged positions have been liquidated.
In the past 24 hours, Bitcoin liquidations reached $94.55 million.
The total number of liquidated individuals globally is 142,448.
The total liquidation amount is $453 million.
Long positions (those betting on price increases) liquidated $317 million.
Short positions (those betting on price decreases) liquidated $137 million.
Although the liquidation amount has decreased compared to the previous day, it indicates:
👉 Many who originally bet on price increases have been "swept out."
👉 Funds were forcibly liquidated, accelerating the price decline.

🧩 Summary: Why did the market drop?
Putting the above factors together, it’s actually:
Insufficient liquidity (rate cut not as expected)
Cautious bank attitudes (market tension)
Liquidated leveraged positions (accelerating decline)
In simple terms:
👉 Bearish news + Tight liquidity + Many liquidations = Market decline
The market is currently in a stage of "low sentiment + leveraged positions being cleared," which usually leads to high volatility, but it could also be a preparation period for future rebounds.