Brothers, why did the market suddenly crash?
This round of decline is superficially due to the temporary impact of Binance's contract outage, but in reality, the problem is not significant. However, it also shows that the current market is still fragile, and even minor disturbances can easily trigger panic selling.
Additionally, this weekend and next Monday is Labor Day in the United States, and the US stock market will be closed, which will temporarily slow down the pace of institutional capital entering the market.
This round of market movements is mainly driven by ETF funds. Once the US stock market is closed, the flow of funds will naturally slow down, so this pullback is not fundamentally bearish.
My judgment is very clear: the problem is not big, and the market is still healthy. The funds that are supposed to come will still come; don't panic just because of one decline.
If you want to know how to lay out next, just keep up with my rhythm and stop guessing alone.
