There’s a bit of change in the macro picture today—let me break down my understanding.

A lot of people are paying attention to BTC’s price action, believing it has already held the $64,000 support level. For example, today’s low was $63,806.27. But I think everyone is ignoring ETH’s走势 (price action). Today, ETH has already fallen below $1,900, even hitting a low of $1,867.96.

This suggests there may be some risk in the market, especially considering the drawdowns in ADA and XRP, which are down 3.08% and 2.17%, respectively. This could reflect a lack of market confidence.

Also, I noticed LINK’s走势 is relatively strong—it rose 5.04% today to $8.6850. This might be because market expectations are focused on the development of its technical applications. But I think that could be overly optimistic.

So I’m bearish on the current market trend, especially since BTC’s 50-day moving average is still flat. That makes me worry the market could experience even greater volatility.

My position is in cash (no holdings), waiting for the market to show further developments.

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