As everyone must know, recently Musk and Trump have completely broken off relations, and their conflict has become fully public. The two have been 'spitting insults' at each other on social media, causing a huge uproar 💥.
Trump threatened to cut government subsidies and contracts related to Musk's companies, while Musk claimed Trump was ungrateful, even publicly stating that Trump should be impeached. This verbal battle quickly stirred up huge waves in the financial market, with Tesla's stock price dropping more than 14% that day, wiping out as much as $153 billion in market value, marking the largest single-day decline in history [bomb]. This not only caused substantial losses for Tesla investors but also led to a collapse of the previously stable U.S. stock market. Meanwhile, the cryptocurrency market was not spared, triggering a wave of selling, with Ethereum dropping over 8% and Bitcoin plummeting by $3,000 [frown].
Actually, in the technical analysis from the night before last, we mentioned that the 50-day moving average crossed above the 120-day moving average, indicating a bullish trend in the long term 📈. However, based on past experience, the market often drops before rising, as big players usually conduct a round of washout operations first. So at that time, we speculated that the price might drop to near the 50-day moving average, around the 100,000 mark, and reminded everyone not to panic.
Yesterday, the main players just happened to take advantage of the verbal spat between Musk and Trump to smash the market and wash out 💥. It is obvious they are using this opportunity to suppress the market and acquire more low-priced chips. Next, we need to remain patient and calm. It’s important to know that by the weekend, institutions are not working, leading to insufficient market liquidity. Based on past weekend market patterns, volatility often increases over Saturday and Sunday, and prices may experience another drop. But everyone must not let this panic sentiment influence them into hurriedly selling.
If you still have funds at hand, you might as well take this opportunity during the dip to buy some BTC. Although the market volatility is severe, it also hides opportunities; maintaining rational judgment is key to gaining an advantage in this game.
