Investors' sentiment is already very poor, especially as BlackRock's investors have directly exited over 5,000 Bitcoins. Today’s decline is even worse than yesterday, and it’s estimated that more exits will happen today. Compared to BTC, although the US stock market is also falling, the decline is relatively smaller, while cryptocurrencies are in a difficult situation.

Most importantly, this recent drop, which does not include clear negative news for the US stock market, remains inexplicable. Without knowing the reason for the decline, bottom fishing can only rely on the VIX.
ETH and BTC are highly correlated and falling together. The weekly chart shows a pin to the previous low support at 1800 before rebounding. Currently, it is still in a technical rebound stage within a downtrend.
On the daily chart, after a volume-driven decline, there is a rebound supported by indicators, but a bottom structure has not yet formed.
Key levels: Resistance: 2200/2600, Support: around 1800.
On the 4-hour chart, there are conditions for volume and indicator reversal, with potential for continued rebound #当前行情抄底还是观望？