8.2 Accurate Market Analysis @Everyone
Good morning, brothers. The market continues to test lower levels, and everyone is asking if it's time to buy the dip? Let's sort out this wave of trends together.
Last night, when the non-farm payroll data was released, the market first had a small rebound, and interest rate cut expectations warmed up. However, one statement from Trump confused the market again:
1. He claimed the non-farm payroll data was fake and directly fired the head of the Labor Department;
2. He said that Russia is 'causing trouble' and directly dispatched nuclear submarines, which escalated geopolitical risks and intensified market sentiment.
Last night, U.S. stocks and cryptocurrency stocks plunged together, with COIN dropping nearly 17%, and VAPE continuing to plunge with a drop of over 20%.
This morning, BTC briefly fell below 113,000, reaching a daily low of 112K. The number of liquidated positions across the network in 24 hours approached 200,000, Arthur Hayes cut off more than 2,300 ETH in a short period, and Huang Licheng, after increasing his long position in the early morning, stopped loss, with unrealized losses approaching 19 million USD... This wave has indeed turned into a bloodbath.
Can we buy the dip at this position? My view is: it's worth considering to buy low, but do it in batches to prevent breaking below 110K again.
Institutions are resting over the weekend, the market is highly volatile but there aren’t many major players stepping in, making it suitable for small positions to try and build a bottom. I still maintain a bullish view in the larger direction; after the correction ends, BTC will still be the main asset, and those who need to position should start doing so gradually.
