#数字资产市场洞察 The crypto market edged up slightly by 0.37% yesterday, but the Fear Index only reached 15, indicating that the market remains shrouded in extreme pessimism. BTC is hovering around $86,885, while ETH is oscillating around the $2,941 level. What signals are revealed behind this market movement from a technical perspective?

Looking at Bitcoin's trend, the most critical battleground right now is at $87,000. Whether this key level can be effectively broken will directly determine if the rebound can continue. If it gets rejected here, the market may fall into a downward mode. Conversely, once it breaks through $87,000, paying close attention to the defenses at $88,000 and the range between $89,500 and $90,500 becomes even more important. On the downside, $85,000-$86,000 is the first line of defense, followed by $85,240 and $83,630, with the final bottom line at $82,170.

Ethereum's situation is somewhat more awkward. In the short term, the $3,000-$3,020 zone has formed a strong resistance. Without a breakout, the rebound space is severely limited. Only if it pushes through can we see targets at $3,050-$3,080 and even $3,100. The downside risk is also significant; $2,935-$2,920 is the lifeline for the day, and if it breaks below, watch out for declines to $2,880 and even $2,820.

From an operational perspective, the market is in a weak rebound phase after a deep correction, and market sentiment is very fragile. For Bitcoin, the key focus is on the performance around $87,000—be cautious of downside risks if encountering resistance, but a volume-driven breakout could lead to higher prices. Ethereum requires even more attention; the battle around $3,000 is critical. If it cannot effectively hold above this level, the rebound strength will be limited.

Finally, a reminder: recent leverage liquidations have been frequent, and market volatility is quite intense. When trading, be sure to control position sizes, strictly set stop-losses, patiently wait for key levels to be confirmed before making directional judgments, and avoid being caught off guard by sudden fluctuations.