The whipsaw market dominated by technical analysis has reached a blatant stage. What about those favourable information policies? The news of institutions entering the market? It now just looks like a bunch of useless noise.

The logic is actually quite brutal - large funds want cheap chips, while the cost in the hands of retail investors is too high. So you will find that no matter how good the news is, it can't withstand the whipsaw. At this point, analyzing any fundamentals is purely a form of self-psychological comfort.

The real turning point is not hidden in favourable information. Instead, it comes at the moment when retail investors are completely numb and surrender en masse. Right now, there are still a bunch of people in the market waiting for a rebound opportunity, with voices of bottom-fishing rising and falling, indicating that this round of Whipsaw is far from enough.

When no one dares to take over $BTC, that will be the real opportunity window.

Let's talk about the BANK coin again - the technical aspect has collapsed quite thoroughly, which is a typical signal of capital withdrawal. The lower Bollinger Band has been breached, and there is a clear divergence in MACD; the main forces have already started quietly unloading.

But the problem with this coin, to put it bluntly, does not lie in the technical charts. The fundamental reason is the lack of real application scenarios to support it. The concept coins that are currently marketed under the banner of DeFi banks are essentially just pure speculative targets. Once the hype passes, the funds pull out faster than anyone else.

The EMA is arranged downward across the board, and this signal is even more fatal: the short, medium, and long-term trends are all bearish. In this situation, any rebound is basically a trap to lure in buyers. I suggest paying close attention to trading volume—if it's a significant decline in volume, that indicates genuine panic selling by funds; if it's a slight decline in volume, it may just be a technical correction.

However, to be fair, the banking concept in the crypto world is somewhat misleading. What truly has long-term value are those protocol projects that can address real pain points.