The cryptocurrency market experienced a significant fall over the weekend, mainly due to insufficient market liquidity and concentrated emotional release. In terms of time distribution, the selling pressure was mainly concentrated during the Eastern Time trading hours, while the Asian and European markets remained relatively stable, even showing signs of a few rebounds.

This intense volatility is largely due to the closure of the US stock market during the weekend, which forces investor sentiment to find an outlet in the encryption market. If it were a normal trading day, the market reaction might be more moderate.

Although geopolitical conflicts have pushed up oil prices, Federal Reserve Chairman Powell has indicated that this impact is seen as a short-term disturbance. Currently, the market's focus remains on tariff policies. From a market structure perspective, this fall is very similar to the panic triggered by tariff policies in February this year. If relevant events are alleviated, the market is likely to rebound quickly.

It is worth noting that Bitcoin's support in the range of $93,000 to $98,000 remains strong, and there has been no panic collapse indicated by on-chain data. Going forward, the market direction will depend on the choices made by Asian investors after the opening of the Chicago Mercantile Exchange (CME)—whether to buy on the dip or continue panic selling.

For medium-term investors, the current market may provide an opportunity to average down. However, investors should remain rational, closely monitor market trends, and be wary of potential fraud risks, carefully choosing trading platforms. Maintaining a calm and clear mind amidst market fluctuations is essential to better seize investment opportunities.