The cryptocurrency market sees a "big plunge" at #加密市场回调 ! Is it a buying opportunity or an escape signal?

Last night, Bitcoin suddenly fell below the $120,000 mark, plummeting nearly $7,000 within 24 hours, causing the entire crypto market to evaporate over $100 billion! Behind this "bloodbath," the U.S. PPI data reached alarming levels, leading to a cooling of Fed rate cut expectations and frantic selling by investors seeking safety. Even worse are altcoins—VIRTUAL dropped over 11% in one day, with the $1.2 support line teetering on the edge, potentially collapsing below $1 at any moment.

But there are opportunities hidden amidst the crash! On-chain data shows that whales are quietly accumulating Ethereum, while Bitcoin's long-term support level ($117,000) has not yet been breached. Historical patterns indicate that each deep dip is meant to pave the way for higher jumps—after the correction before the 2024 halving, it rose for 5 months!

Remember: Don't let panic lead to losses! Either wait for Bitcoin to stabilize at $120,000 before entering, or keep a close eye on the $117,261 support line; if it breaks, run fast. Bull markets can have sharp drops, but recklessly adding leverage could lead to an instant zero.