The cryptocurrency market is experiencing a period of turbulence, reflected in marked declines in leading assets such as Bitcoin and Ether. Last week saw the largest outflow from crypto products in recent memory, interrupting a six-week run of positive inflows. That development points to rising investor concern and a possible shift in market sentiment.

The move may be attributable to a combination of factors, including macroeconomic uncertainty, changes in regulatory policy across jurisdictions, and general market nervousness stemming from events in the Middle East. Investors appear to be adopting a more cautious stance, withdrawing capital from risk assets, of which cryptocurrencies remain a component despite growing maturity.

Recent data from CoinShares underscore the scale of the adjustments. Large outflows indicate portfolio rebalancing toward more conservative allocations. While this trend is unlikely to inflict long-term damage on the crypto industry or its innovation pipeline, any renewed escalation of the conflict could prompt a markedly deeper sell-off in the near term.

The market's next direction is heavily dependent on geopolitics and on new statements from President Donald Trump. Yesterday, his comments helped arrest an intraday intensification of bearish sentiment that had built up during the session. In a social-media post Mr. Trump confirmed that a military strike had been scheduled for today but cited China's commitment, obtained during the Beijing summit, to press Iran to negotiate in earnest as a factor contributing to the pause. He also referred to requests from Qatar, the UAE, and Saudi Arabia not to attack Iran.

Trading guidance:

On Bitcoin, buyers are targeting a return to $78,400, a level that would open a direct path to $80,100 and then to $81,700. A break above $81,700 would signal attempts to re-establish a bull market. On the downside, buyers are expected at $76,500; a decline below that area could rapidly push BTC toward $74,700, with a further target at $73,100.

On Ethereum, a clear hold above $2,146 would open a direct route to $2,222. The farther target is the high near $2,291. A breach above that level would indicate strengthening bullish sentiment and renewed buyer interest. On the downside, buyers are expected at $2,084. A fall below that point could quickly send ETH toward $1,997, with a deeper target at $1,911.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.