The market sentiment index today dropped to 24, clearly indicating a panic atmosphere.



Yesterday's market movement was quite classic—Bitcoin first surged towards $90,000, with Ethereum rising in tandem, but then the main force suddenly reversed and dumped, forcing the price back to where it started. This routine is all too familiar: it’s specifically used to harvest retail investors who follow the trend.

Currently, BTC is quoted at 87,213, but the key level is still below. According to liquidation data, there are many stop-loss orders for long positions piled up in the 86,300 to 86,800 range. The price precisely rebounded and stabilized around 86,800, indicating the main force's intention is clear—this is the bottom, but it’s just testing the support strength, not rushing to break through.

In terms of operation, don’t chase recklessly. Since it’s confirmed to be a wide-range oscillation pattern, follow the rhythm of “short at high levels, long at low levels.” The critical line is 86,800—holding it gives a chance to rebound back to 88,000; if it breaks below, then consider deeper support levels.

As for Ethereum, in the short term, follow Bitcoin’s lead—wait until Bitcoin truly breaks through before considering a follow-up rally. Chasing it now is more likely to get your face slapped.
BTC-1.82%
ETH-1.16%
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FloorSweepervip
· 3h ago
Once again, the main force has harvested, this routine is really clever, retail investors will never keep up with the institutions' rhythm. I already said not to chase Ethereum, but some people still got proven wrong. If I can't hold 86,800, I'll just lie flat; anyway, I haven't lost much. The emotional index is so low at 24, could it actually be a signal? Need to wait for a breakout before making a move. This rebound in Bitcoin feels a bit fake; is the main force testing support or really going to rebound? Need to see the performance below. It's another morning of dumping and then pulling back; my heart really can't take it. Just get in and wait for death. Stop talking, I've already bottomed at 86,800, but I have no bullets left to add to my position. Should I continue holding the high-position short? I really have no confidence.
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StakeOrRegretvip
· 3h ago
Same old trick again, aren't retail investors already enough to be cut up?
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NotFinancialAdvicevip
· 3h ago
It's the same old trick of cutting the leeks every time. Retail investors really should learn to cut losses, or else wait to be repeatedly liquidated. I believe the 86,800 level; the main force is indeed testing the bottom, just see how long it can hold. It's easier to get hit when chasing Ethereum now; better wait for Bitcoin to confirm a breakout before acting. The 24 panic index at this time is actually an opportunity; it all depends on who can hold on.
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TokenomicsPolicevip
· 3h ago
It's the same old trick again. I almost bought the dip yesterday, and today I'm starting to doubt life.
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