#美国证券交易委员会推进数字资产监管框架创新 $NIGHT recent technical signals are worth paying attention to. The 5-minute timeframe shows a continuous decline, and after a series of downward candles, retail investors generally start to suspect—are the big players dumping? Once this psychological expectation forms, selling pressure immediately follows.

The most vulnerable point for altcoins is right here. The capital flow is already sensitive; once a series of declining K-line patterns appear, the market’s withdrawal force often exceeds expectations. Holders rapidly cut their positions, and new buy orders become scarce, resulting in continuous capital outflows and significant pressure on support levels below. If no signs of stabilization appear in this situation, the risk of accelerated decline is quite high.

From the perspective of capital flow, the current state is indeed quite dangerous—selling pressure combined with fleeing, and market sentiment has already tilted. In the short term, close observation is needed to see if there are signs of stabilization, or wait for signals of market recovery before considering entry.