"When the US stock market sneezes, the crypto market catches a cold! Last night's flash crash is a living example—technical issues were smashed into the ICU by US stock data!"
Brothers, did you see that wave of ETH crashing last night? It was really thrilling! Just as it touched $2550, before anyone could settle down, it ‘whooshed’ down to $2363, nearly $200 vanished in an instant, evaporating 7% in an hour—faster than a roller coaster! Many brothers privately messaged me asking what happened, so let me explain:
Technical aspect: It has long been at the end of its rope, just holding on!
Case study: Look at that $2550; it was like an iron lid, attempting to break through three times in the past three days without success. It's like pursuing a girl who doesn’t show up after three dates—if you push for a fourth, the chances are you’ll get rejected! The bulls have exhausted their strength, and their confidence has worn off.
Case study: Even more crucial is that although the price touched a small new high before the crash, if you look at the RSI indicator on the 1-hour chart, it was actually going down! It's like driving a car with the pedal to the metal, but the speed keeps decreasing—can you not stall? This is called a 'top divergence,' a textbook warning for a downward trend!
Fatal blow: And then? The price suddenly crashed through the critical support level of $2500, and the trading volume suddenly increased. It was like knocking over the first domino, triggering a wave of programmatic stop-loss orders, instantly causing a stampede! Retail investors panicked when they saw the breakdown and ran around in a frenzy.
Brother Qiu's opinion:
The technical aspect had already buried the landmines! The price couldn't break through $2550 after three attempts, what does it indicate? It means the main force doesn’t really want to push it up with real money! They might be luring in buyers or waiting for an opportunity to escape. A correction? That's just a matter of time; last night, the US stock market just provided a chance to ignite it.
News front: The US stock market dived, precisely triggering the event!
Trigger: At 9 PM last night (our local time), the US released retail data that was disappointing—worse than expected! Goodness, the Dow Jones (representing large US company stocks) instantly plummeted over 400 points! That scene was even more thrilling than the A-share market.
Why did it drag down ETH? Right now, the crypto market and the US stock market are like 'wearing the same pants'! The correlation is shockingly high (reportedly 90%). Why? Because much of the big money buying ETH and Bitcoin comes from the same batch of institutions! When the US stock market crashes, the institutions, fearing losses, react by quickly selling off their 'high-risk' assets to hedge. With ETH's large market and good liquidity, it naturally becomes the first target!
On-chain evidence: During the crash, it was clear on-chain that someone sold over 5000 ETH in one go on Coinbase! Can retail investors do that? It's obviously an institutional big player urgently hedging and controlling risk.
Key details aligned:
At the precise moment ETH broke below $2500, it coincided exactly with the US stock market's dive! Isn't this enough to explain the issue? This crash was ‘led down’ by the US stock market!
What to do after a sharp drop? Keep an eye on this 'big player's stronghold'!
The current price is hovering around $2363, and this position is crucial! Why?
Historical memory: In January this year, during that wave of volatility, ETH repeatedly tested this area (2360-2380), forming a support level, like a psychological barrier.
On-chain evidence: More hardcore is that on-chain data revealed over 450,000 ETH were accumulated in the range of 2360-2380! This is likely the cost zone where the main force built their position. They don't want to easily lose money by breaking through here, do they?
Brothers, tonight's US stock market opening is the main event! If the US stock market can stabilize, ETH near this 'big player's stronghold' (2360-2380) is very likely to organize a rebound! But if the US stock market continues to struggle, or ETH breaks below 2360 with high volume... then we need to be mentally prepared for a 'trip' to $2300 or even lower! Opportunities often hide in the bloody chips of others' losses during market panic. Will you keep an eye on the market tonight?
#加密概念美股
"Bull market always misses out? Bear market recklessly catches knives? Follow Brother Qiu! All-weather sniper strategy, allowing you to profit regardless of market ups and downs!"
$ETH