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Weekend "Familiar Script" — Market Pullback Across the Board
#加密行情震荡
$BTC slid from 70.6K all the way down to 68.3K, a 24h decline of 3.4%; $ETH fared worse, dropping 3.8% and breaking through 2100. The 4h chart shows 5 consecutive bearish candles in a row, with short sellers clearly in control. Interestingly, the ETH/BTC ratio continues to weaken, indicating that funds are prioritizing liquidation of altcoins and secondary assets amid risk-off sentiment.
Two key data points: BTC's 24h on-chain trading volume is approximately $23.7M, which doesn't suggest panic selling; however, if the 68K level can't hold, we need to watch the support around 66.5K. ETH's 2000 round number is a psychological defense line, and once breached, altcoins will face more intense cascading liquidations.
This pullback looks more like a weekend liquidity crunch plus profit-taking exits rather than a trend reversal. However, don't rush to buy the dip in the short term—wait for volume confirmation from the Asian session on Monday to determine direction.