#数字资产生态回暖 BTC drops below $90,000, bears establish dominance｜Can Ethereum's rebound sustain

Today, Bitcoin experienced a clear breakdown, breaking through the psychological level of $90,000. The four-hour chart's downward momentum has officially been confirmed. The lowest point during the session reached around $89,938, with bearish sentiment clearly prevailing.

ETH's movement closely followed, turning weaker in sync. In the short term, there may be a technical rebound correction at the 15-minute level, but the key factor is whether the $3,250 level can hold effectively—this is an important support to stabilize the downtrend.

Looking at resistance levels: the $94,000 to $95,000 range is interesting. It was tested three times with sharp declines each time, seemingly becoming the ceiling for rebounds. It’s hard to imagine the bulls have enough strength to push higher.

The market's turning point is very clear—The Federal Reserve cut interest rates by 25 basis points as expected, which sounds like good news, right? But then Chair Powell quickly shifted to a hawkish stance, saying they want to "reduce expectations of rate cuts next year." As a result, the initial positive sentiment instantly turned negative, and the market's hopes for future liquidity easing were completely dashed. Traders' emotions shifted from optimism to caution, causing the already pressured market to lose confidence and sentiment to collapse.

The current strategy is very clear: the short-term structure has shifted from strength to weakness, and it's time to change the rhythm. When a rebound occurs, it’s an opportunity to sell high. The expected rebound to $95,000-$96,000 yesterday didn’t materialize, indicating that the bulls have lost their enthusiasm.

Ethereum’s performance is even more critical to watch. Whether it can hold steady at $3,250 will directly determine if it recovers or continues to decline. A breakdown here would likely lead to a correlated weakness across the market.

The current advice is: promptly adjust your mindset, focus on shorting rebounds, and avoid blindly chasing bottoms. Keep a close watch on whether ETH shows signs of an independent rebound at key levels—this can reflect whether there’s a possibility of partial market recovery.