Don't panic! The reason for last night's big drop has been found 🔥🔥
The expectation of interest rate cuts in September was speculated too aggressively, and some funds felt the shoe had dropped, quickly taking profits. More critically, early large investors in BlackRock's ETF were also quietly unloading, which had a significant impact on market sentiment.
Trump's "weird moves" triggered panic; this guy really doesn't give us a break! Yesterday, he suddenly dismissed a Federal Reserve governor, an unprecedented move!
The market is worried he might undermine the independence of the Federal Reserve, which scared the U.S. stock market into a plunge; how could BTC not follow the drop? There’s also some ridiculous news about the "Department of Defense being renamed the War Department," which is purely disruptive and scared away a bunch of timid funds.
Insiders are sabotaging themselves; the currency WLFI, issued by Trump’s family, plummeted right after its listing, and this is the third time! This directly shattered market confidence, and everyone is wondering: "If Trump can't even handle it, how can he lead us to success?" Thus, BTC got hit again.
Sister Min believes: this big drop isn't because the crypto market is failing, but because the external winds are too strong, bringing in a few black swans!
Sister Min will also talk about other coins she's optimistic about 👇👇👇
【SOL】: There’s great news! A new wallet has rapidly staked 80,000 SOL, and a U.S. company is looking to raise $400 million to create the world's largest SOL vault, indicating that large investors and institutions still have a positive outlook on SOL; a drop is an opportunity!
【ETH】: Why did it drop too? Simple, it had risen too much and a normal correction is occurring. Also, ETH is still net flowing out of exchanges, indicating that the chips are being distributed, which is a good thing in the long run.
【Key Point! Market Direction】
Macroeconomic perspective: 22 states in the beautiful country are on the verge of recession; with such poor economic data, not cutting interest rates in September would be impossible, so there's no need to be pessimistic about the overall direction.
Technical perspective: BTC is nearing the strong support level of the 120-day moving average, it's almost down enough!
The market needs about a week to digest these negative news and let the panic emotions pass.
For future operations, when to enter the market, you can follow Sister Min; she will notify the entry in the internal group later, so follow me and don't miss out 😉
