Market Analysis:

Currently, the market is experiencing a confluence of triple negative factors: "tariff shocks + continuous ETF outflows + Federal Reserve not cutting interest rates," resulting in weak oscillations, unending dips, and a very high risk of long positions being liquidated. If the rebound lacks volume support, it is merely a weak oversold correction with limited upside potential. A rebound is the signal to exit positions.

Macro News:

1. Trump announced an increase in global import tariffs to 15%. US stock and crypto-related stocks declined before the market opened, with funds shifting from cryptocurrencies to safe-haven assets like gold.

2. On February 23, Eastern Time, Bitcoin spot ETF experienced net outflows of $120 million (sixth consecutive day), Ethereum ETF saw outflows of $32 million. Institutional sentiment remains cautious, with no funds entering the market for bottom-fishing.

3. Rolling fund flow data for gold ETFs and Bitcoin ETFs indicate that we are currently in a "risk-avoidance" cycle, with funds flowing out of cryptocurrencies and into gold.

Operational Advice: You can ask during the live broadcast.

Special Reminder: The fear index has dropped to 6, the lowest since the 2022 bear market. The most panic-stricken moment is also the time when calmness is most needed. Survive first, then talk about bottom-fishing. $BTC $ETH