What’s next? The short-term trend is bearish. If market risk aversion continues, BTC may dip to $80,000-$82,000, while ETH could test the previous low area of $2,620-$2,700. However, sharp declines are often followed by technical rebounds, but the strength of the rebound depends on whether the Japanese bond market remains stable and if geopolitical tensions ease. In terms of strategy, the key is to keep an eye on macro factors; any new developments in the bond market and tariffs could trigger a new round of volatility.