Trading time: $75,000 is the recent key support level for BTC, and Ethereum may repeat its 2019 trend

Market Trends: Bitcoin (BTC) faces downward pressure with $75,000 as a critical support level, while Ethereum (ETH) shows weakness, potentially mirroring its 2019 cycle. Analysts suggest BTC could drop to $66k, and ETH may fall further if it doesn't rebound from 0.022 BTC.
Key Data:
- BTC: $81,912 (-12.43% YTD), ETH: $1,890 (-43.28% YTD).
- Fear & Greed Index at 27 (fear), with BTC dominance at 60.72% and ETH at 8.25%.
- Over $204M in liquidations, with BTC and ETH leading losses.
ETF Flows: Bitcoin ETFs saw $143M outflows, Ethereum ETFs lost $73.63M.
Economic Events: US CPI data missed expectations (2.8% YoY vs. 2.9% forecast), jobless claims held steady.
Hot News:
- Solana’s DEX volume surpasses Ethereum.
- US court approves $1.53B claim against FTX; Treasury discusses Bitcoin reserves.
- Trump’s Bitcoin reserve plan faces political pushback; 6 of his cabinet members hold BTC.
- Robinhood to list meme coins; CBOE files for XRP ETF.

1. Market observation

Keywords: SOL, ETH, BTC

Market volatility has become the norm. Bitcoin fell below $80,000 again this morning. Crypto analyst Eugene said that the overall trend is still biased downward. Although there is a possibility that BTC has bottomed out at 76k or a double bottom in the 74-76k range, this probability is decreasing over time. He expects BTC to drop to the 66k psychological mark set by Michael Saylor, and pointed out that the upward trend or range of BTC has been broken in all time frames, and 75k is currently the last key support level. For SOL, Eugene believes that $80 is a good buying price, but if it falls below this level, the next support level will fall directly to $25.

Meanwhile, Ethereum is showing even weaker performance, with the relative strength index (RSI) on the ETH/BTC two-week chart falling to a record low of 23.32. While an RSI below 30 is usually seen as an oversold signal, the current continued decline indicates an acceleration of the downward trend, which analyst Alessandro Ottaviani described as a "flying knife" market, suggesting that buyers are having difficulty timing their entry. If ETH/BTC fails to rebound from the 0.022 level, ETH/BTC may continue to fall to the 0.020-0.016 BTC range, a further drop of about 30% from the current price. Currently, Ethereum faces strong challenges from competitors such as Solana, and VanEck data shows that Solana's decentralized exchange trading volume has surpassed Ethereum. Cryptocurrency analyst Benjamin Cowen believes that Ethereum will have to go through a "painful period" before rebounding, and its current trend is repeating the pattern of the 2019 market cycle, and it needs to wait for monetary policy changes to bottom out.

2. Key data (as of 13:00 HKT on March 14)

Bitcoin: $81,912.51 (-12.43% year-to-date), daily spot trading volume $31.072 billion
Ethereum: $1,890.33 (-43.28% year-to-date), with a daily spot volume of $19.235 billion
Fear of corruption index: 27 (fear)
Average GAS: BTC 2 sat/vB, ETH 0.43 Gwei
Market share: BTC 60.72%, ETH 8.25%
Upbit 24-hour trading volume ranking: XRP, BTC, TRUMP
24-hour BTC long-short ratio: 0.992
Sector gains and losses: SocialFi sector rose 2.49%, RWA sector fell 2.22%
24-hour liquidation data: A total of 83,939 people were liquidated worldwide, with a total liquidation amount of US$204 million, including BTC liquidation of US$75.7494 million and ETH liquidation of US$35.8954 million