#比特币对比代币化黄金 , this recent correction has really made a lot of people anxious—both BTC and ETH have turned down from their yearly highs and are now consolidating at the bottom. Simply put, macro-level liquidity expectations have changed, and even the two big players can’t withstand the pressure.

But if you look closely, their rhythms are actually quite different:

BTC has retraced about 29% from its October top and is now fluctuating within the $85,000 to $95,000 range. As the anchor of the crypto market, its resilience to decline is still decent, mainly tracking the Fed’s interest rate policy, and its correlation with US stocks is actually weakening.

ETH? Since its August high, it has dropped 38%, with much sharper volatility. As the leader of altcoins, its price movement is closely tied to the on-chain DeFi ecosystem, and is largely driven by the development of its own ecosystem.

After that sharp drop in mid-to-late November, both rebounded at the same time, and ETH’s rebound was even stronger. But as December started, the market began to trend downward again.

What should you do next? I think you should focus on a few key points:

First, watch the critical price levels. Can BTC hold the $85,000–$90,000 range, and can ETH stabilize above $2,900–$3,000? These levels are very important.

Don’t go all-in at once. If the price starts to stabilize near these support levels, you can build your position gradually in batches, and remember to set your stop-loss line in advance.

Pay attention to capital rotation. Watch if funds start flowing from BTC to ETH; once the ETH/BTC ratio strengthens, altcoin season may not be far off.

Keep an eye on the macro picture. The Fed’s interest rate decisions and other major events directly determine how much money can flow into the market, so you must stay updated in real time.