The three major mainstream coins collectively plummeted. Is this correction an opportunity or a trap?

Dear crypto enthusiasts, today’s market movement has taught everyone a lesson: the three major mainstream coins are all pulling back:
• BTC: 87,581.7 USDT, down 1.74% in 24 hours
• ETH: 2,883.89 USDT, down 2.3% in 24 hours
• SOL: 121.66 USDT, down 4.14% in 24 hours
📰 Hotspot linkage: This decline is not simple
Today's correction is directly linked to two major hotspots:
1. US CPI data exceeded expectations: Market expectations of a rate cut by the Federal Reserve in March cooled down, triggering capital to withdraw from high-risk assets, with the crypto market leading the way.
2. US tech stocks led a plunge: The Nasdaq index fell over 2%, driving down risk appetite in the crypto market, with mainstream coins under significant pressure.
📊 Market analysis: Where are the key support levels?
• BTC: The current price is approaching the lower band of the Bollinger Bands (85,799.3). If it holds the 85,000 level, there is hope for a bottoming and rebound in this range; if it breaks below, the next support is the previous low of 79,000.
• ETH: 2,784.18 is today’s low point and also the Bollinger Bands lower support. If it can stay above 2,800, there is room for recovery; if it loses this level, it will test the key support at 2,600.
• SOL: The biggest drop, has broken below the MA10 moving average (129.34). Short-term support is at the Bollinger Bands lower band of 119.06. If it stabilizes, there is a rebound opportunity; otherwise, it may test the 100 level.
🎯 Trading suggestions
• Spot traders: Do not blindly cut losses at the current position. Consider adding small positions gradually, focusing on the support levels of BTC 85,000, ETH 2,800, and SOL 119.
• Contract traders: Stay on the sidelines for now. Consider opening long positions only after confirming support levels are stable, to avoid chasing highs and selling lows.
Although market sentiment is panic, the long-term logic of mainstream coins remains unchanged. This correction actually provides a buying opportunity at lower levels.
$ETH $BTC $SOL