Market Analysis:

BTC and ETH are oscillating and testing lows, the market's downward trend has not stopped, and rebounds are weak. The risk of long positions being liquidated continues to rise. The panic index has risen to a high level, indicating that investor confidence is extremely fragile.

Macro News:

1. The Federal Reserve's probability of not cutting interest rates in March is 78.4%. Two Federal Reserve voting members have signaled "long-term hold," completely shattering short-term rate cut expectations. Liquidity tightening pressure remains;

2. New policies implemented by 8 domestic departments strictly prohibit virtual currency illegal activities and RWA tokenization. Regulatory actions may continue to escalate;

3. BTC ETF continues to experience net outflows, ETH faces ongoing institutional selling pressure, with only a small number of institutions counter-cyclically accumulating;

4. U.S. stock market is diverging, with crypto-related stocks plunging, and the positive effects have completely faded.

Operational Advice: You can ask in the live broadcast room
Special Reminder: The market is digesting previous negative news and excessive leverage through continuous declines. In extreme panic, stay calm, protect your principal, and trade quickly in and out for short-term gains.
‍#当前行情抄底还是观望？ $BTC $ETH