The market changes rapidly, and trading is about the present; you sing whatever song fits the mountain you're on. Bitcoin has rebounded again to eighty-seven thousand. Yesterday, it dropped to eighty-one thousand, then rebounded over six thousand points. Such violent fluctuations in the last couple of days are indeed a bit terrifying. It fell to seventy-eight thousand, then rebounded to ninety-five thousand, then fell to eighty-one thousand, eighty-three thousand, and then rebounded to eighty-nine thousand. It then dropped again to eighty-one thousand five hundred dollars, only to rebound to over eighty-seven thousand. This roller coaster ride is too thrilling. Trump's actions are really disgusting; sometimes he increases tariffs, sometimes he cancels them, sometimes he promotes cryptocurrency activities, and then he calls it a cryptocurrency scam. It's too terrifying and severely traumatizes everyone's psychological defense, even Wang Yun's psychological defense has been breached.
Currently, the Bitcoin price is at the level of eighty-seven thousand dollars. I see that it will continue to fluctuate in the next couple of days. Its liquidation map has pointed to a very strong volatility, with 1.6 billion dollars below eighty-three thousand dollars and over five hundred million above eighty-nine thousand dollars. In the past seven days, there has indeed been a liquidation position close to two billion dollars at the price of over eighty thousand dollars. There is also over ten billion dollars in liquidation above one hundred thousand dollars. Gold has also experienced a V-shaped reversal in the last couple of days following Trump's performance, falling from around 2957 to a low of 2830, and then rebounding to around 2914. Previously, we mentioned that gold reaching three thousand dollars would require a selling strategy. Now, at over two thousand nine hundred dollars, it's time to slowly sell the gold in hand to secure a victory. This is particularly necessary in the cryptocurrency market, where we have seen a certain rebound today, including XRP, SOL, and Ethereum, all of which have shown a good rebound. Even Cardano has rebounded, previously dropping to around 0.70 to 0.80, with a decline of over 30%. Currently, today, it has also shown a rebound. Such huge fluctuations, even with three times leverage, cannot withstand the damage in these altcoins.
Currently, the fear and greed index is at 20, indicating fear. The biggest pain points in recent days have revolved around the range of eighty thousand to ninety thousand dollars. The real outflow of coins in the exchange indicates that large holders have started accumulating again since the sell-off that began on the 6th. The accumulation by whales is buying more coins, indicating that we still have more room for the next wave of increases. During this next wave of increases, there has indeed been a significant volatility, which has a larger impact. Bitcoin's market value has now reached 55%. This wave of surge must wait until it arrives. You need to hold steady in spot trading. If it breaks through the ninety thousand dollar level again, or even ninety-five thousand, Bitcoin will have a strong impact. The next key position is ninety-five thousand, with support still at eighty-one thousand five hundred. Alright, that's all for today.