Market analysis and speculation Bitcoin (BTC) This morning, it fell below $77000, and traders are generally bearish, focusing on $74000 to $76000 as the downside target and $87000 as the pressure level. A 36% pullback from the high of $110000 is a normal adjustment in a bull market, or a bottoming out around $70000. The prediction of a bottoming out at $70000 is based on the magnitude of technical correction. If the US stock market declines or traditional financial risks intensify, this support level may be tested or even fall below. Ethereum (ETH) It has fallen below $1900, and the market sentiment is pessimistic. ETH may face further pressure in the short term due to the selling and clearing pressure of the giant whale. If bear market sentiment spreads, the possibility of it falling to $1500 or even lower increases. BTC and ETH fell sharply in sync with the US stock market's "Black Monday", indicating a strengthened linkage between the cryptocurrency market and the macro economy, reflecting market concerns about economic recession and expectations of Federal Reserve policies. Trump's policies may push up inflation, but if the Federal Reserve does not cut interest rates, liquidity tightening may exacerbate downward pressure on the market.