$ETH $SOL The market has started betting on a drop to $65,000 this year, wiping out almost all the gains since Trump's election victory! Where is the market headed?

Last night was another bloodbath, with $665 million looted, 149,445 people going bankrupt and resetting to zero. The market continued to decline sharply, opening up significant downside space. For example, once BTC effectively breaks below 70,900, it will likely trigger another major crash. ETH is currently below 2,225 without reclaiming it, opening the way for further decline. At this moment, the 1h/2h/4h charts last night did not complete the formation of a strong bullish trend, so the bearish trend remains dominant.
Under the pressure of risk assets, firstly, liquidity continues to sharply decrease; secondly, after consecutive shocks, new user numbers are extremely low.
In recent days, although I placed some orders, the pace has been very fast. For example, daily analysis videos provided bearish ideas, such as short positions at BTC 76,800. Last night, I withdrew all long positions and did not take new longs. I also shorted XAU 5045. Currently, XAU/XAG is also experiencing a violent plunge!
Therefore, in the short term, caution is prioritized. Trading should mainly focus on monitoring the market, and every order must include a stop-loss. No matter long or short, stop-loss is essential. No stop-loss, no trading. If you can't handle the stop-loss, you shouldn't trade!
Once again, I emphasize abandoning the mindset of needing to break even and make money before the Spring Festival. Trading is not a one or two-day matter but a long-term endeavor. When feeling FOMO, immediately pause and monitor the market. During such extremely illiquid conditions, all rises and falls happen in an instant, controlled by the big whales!
BTC support/resistance levels: 70,900 / 64,500 / 57,850
Close to 70,900 now—continue to crash and cut in half, completely removing leverage from the market or continue to resist the downward trend. Recently, the market is shrouded in extreme panic; any trigger could lead to further deleveraging.
ETH support/resistance levels: 2,225 / 1,860 / 1,600 / 1,385
Don’t try to guess the bottom easily; guessing the bottom will only make things worse!
Trading advice: Small contracts for short-term trading, always include a stop-loss; prepare spot positions and start scaling in gradually. For example, every time BTC drops 3,000-5,000 dollars, add a layer of position; every 150-200 dollar drop in ETH, add a layer. Hold for three to five months or more. When the market turns bullish, earning a few dozen points will be no problem!