#ETH走势分析 $BTC This wave of decline came pretty directly.

The data is right here—over the past 12 hours, net capital outflow exceeded $6 million, with the buy-sell force ratio as skewed as 1:1.7. It's obvious that big money is pulling out; this isn't the kind of movement retail investors can cause.

The most intense round happened within an hour. Several huge sell orders hit the market simultaneously, with a total amount exceeding $4 million, directly breaking through the key $91,200 level. Capital flows don't lie—this scale of selling pressure speaks for itself, and those who understand, understand.

Technical indicators are telling the same story. On the daily candlestick chart, there have been three consecutive red candles forming a classic Three Black Crows pattern. Even worse, the KDJ indicator has formed a death cross at a high level, a clear sign of waning momentum. The price is now suppressed by both the 24-day and 52-day moving averages. Want a rebound? Lots of resistance.

My assessment is simple: this is currently a bear market. When all indicators are pointing in the same direction, don't let the occasional bounce throw you off. Where's the real bottom support? We might have to look even lower. The market is repricing, and until there's a clear reversal signal, it's too early to call a bottom.

Opportunities are for those who are prepared; blindly trying to catch the bottom is less wise than waiting for clear signals.

$ETH