The past couple of days have been tough for the crypto market. The total market capitalization has directly shrunk by 4.27%, currently standing at $3.01 trillion.

Bitcoin's days are the hardest—not only did it break below the important support level of $90,000, but it also slid all the way down to $89,208. What's more painful is that the previously formed golden cross has also become invalid. From a technical perspective, the ADX indicator is trending downward, and the RSI has dropped to 41.7. These signals all indicate a very fierce bearish momentum. Based on the current trend, the next support level to watch is around $80,600.

Solana's days are also tough. It has fallen 5.06% along with the market, and the current trading price is $126.61. Most painfully, it has directly broken below the 200-day moving average. If this continues, the "death cross" will become a reality.

According to data from the prediction market, market sentiment has significantly cooled down. Investors' optimism about Bitcoin rebounding to $100,000 has decreased to 72.5%, indicating that everyone is now a bit more cautious.