Good morning! Another night of terror
1. The main reason for this drop is that some institutions with long positions cashed out at high levels, causing a sudden increase in volume and a decline in the market.
2. Trump dismissed Federal Reserve Board member Cook yesterday, triggering a massive market shock. This unprecedented move marks a significant escalation in his assault on the Federal Reserve. The market is concerned that this could threaten the independence of the Federal Reserve, leading to a sharp decline in US stocks. As a result, when this news broke yesterday, BTC also dropped to some extent. Additionally, Trump threatened tariffs on other countries.
22 states in the US have sounded the alarm for recession, with nearly one-third of GDP already "fallen". It seems that not lowering interest rates is no longer an option.
From a technical perspective, BTC has dropped significantly, nearing the 120-day moving average. The overall trend is still acceptable, but the market needs about a week to digest the recent negative news.
Today's focus: EDU DIA SPK PROM OGN
