The previous cryptocurrency market is in a state of extreme fear (Fear and Greed Index 19), with BTC trading at $87,000 and ETH hovering around $2,800. The market experienced a severe adjustment in the past 24 hours, with over $400 million in long leverage being liquidated, but this has instead created conditions for a technical rebound.
Technical indicators show strong oversold rebound signals:
BTC 4-hour RSI has dropped to 35.9, while ETH has fallen as low as 33.8, both having entered the oversold range with prices touching the lower Bollinger Band (BTC $87,019, ETH $2,843). The MACD histogram shows signs of short-term momentum recovery, especially with BTC's 1-hour line turning positive.
Pressure release in the derivatives market: Despite a total outflow of $1.9 billion from BTC and ETFs last week (BTC $1.32 billion + ETH $600 million), the current funding rates remain neutral to slightly positive (BTC 0.036%, ETH 0.029%), indicating that after large-scale long liquidations, market leverage risks have significantly decreased.
48-hour outlook: A technical rebound after a sharp decline is highly likely, with BTC expected to challenge the $90,000 resistance and ETH targeting $3,000. Key support levels: BTC $85,000, ETH $2,700.
Risk warning: Close attention needs to be paid to Trump's tariff policies and signals from the Federal Reserve's monetary policy; any macroeconomic negative factors could disrupt the technical rebound.
Operational advice: Short-term traders may focus on rebound opportunities near support levels, while medium to long-term investors should build positions in batches. Extreme fear in the market is often a good opportunity to lay out positions, but strict control of position sizes is necessary to cope with macro uncertainties. $BTC
Technical indicators show strong oversold rebound signals:
BTC 4-hour RSI has dropped to 35.9, while ETH has fallen as low as 33.8, both having entered the oversold range with prices touching the lower Bollinger Band (BTC $87,019, ETH $2,843). The MACD histogram shows signs of short-term momentum recovery, especially with BTC's 1-hour line turning positive.
Pressure release in the derivatives market: Despite a total outflow of $1.9 billion from BTC and ETFs last week (BTC $1.32 billion + ETH $600 million), the current funding rates remain neutral to slightly positive (BTC 0.036%, ETH 0.029%), indicating that after large-scale long liquidations, market leverage risks have significantly decreased.
48-hour outlook: A technical rebound after a sharp decline is highly likely, with BTC expected to challenge the $90,000 resistance and ETH targeting $3,000. Key support levels: BTC $85,000, ETH $2,700.
Risk warning: Close attention needs to be paid to Trump's tariff policies and signals from the Federal Reserve's monetary policy; any macroeconomic negative factors could disrupt the technical rebound.
Operational advice: Short-term traders may focus on rebound opportunities near support levels, while medium to long-term investors should build positions in batches. Extreme fear in the market is often a good opportunity to lay out positions, but strict control of position sizes is necessary to cope with macro uncertainties. $BTC