#美国贸易赤字状况 Yesterday, panic sentiment overwhelmed the market, with the fear index only at 26. Today, it has eased to 48, returning to a neutral zone.

Looking at the bullish and bearish ratio data—Bitcoin at 52.8%, Ethereum at 56.5%—indicates that the bulls still hold a slight advantage, but not a particularly strong one. After repeated testing throughout the weekend, Bitcoin briefly surged above 96,000 in the evening, and Ethereum also broke through 3,360. Both are higher than previous highs, which can be clearly seen on the daily chart. The bullish and bearish ratios have both fallen below 60%, and no large-scale liquidations have been observed in the liquidation data. The exchanges show no abnormalities, and market sentiment is gradually stabilizing.

For Bitcoin, the 96,000 to 98,000 range is a clear resistance level, where institutions have accumulated a lot of positions. If it can't break through in the next few days, it will likely return to the previous bottom for re-accumulation. But once it stabilizes, it will probably push for a new high to form a top, after which the final phase of the market can begin.

The spot market opportunities are still not very clear, and for futures, there aren't any particularly good opportunities. It mainly depends on how you set your entry points and manage risk. $BTC $ETH $XRP