Let's continue to talk about the recent magical market drama today. The market, which once stirred up the winds with solo performances, has now directly upgraded to a double act—Elon Musk and Donald Trump, these two 'top influencers', are throwing insults at each other. It seems intense, but what was the result? Tesla's stock price plummeted, the U.S. stock market followed with fluctuations, and Bitcoin also dropped in response.
But anyone with clear eyes knows that these two appear to be playing a good cop-bad cop routine, while the interests behind them are already tangled. Musk seems to be just talking nonsense, but in fact, it's a carefully designed psychological game, attempting to force the opponent to concede on key issues. In simpler terms, the market is best at using emotions as a smokescreen to allow capital to harvest profits amidst the chaos.
Last night's crash in Bitcoin was indeed brutal, but soon after, someone started shouting 'market crash'. These alarmist comments are truly ridiculous; they were silent when the market rose by 30,000 points, but now they panic at a drop of 5,000 points. Such a mindset simply cannot navigate this cruel market. This wave of market action is clearly a big washout drama created by the large players, opinion leaders, exchanges, and media working together. Don't be a foolish bystander; the script of this play is aimed at taking money out of your pockets!
Returning to the trend of Bitcoin. From a technical perspective, the short-term indicators urgently need to be corrected. The RSI and the 4-hour MACD have already entered oversold territory, and tonight's non-farm payroll data may become a key variable for triggering a rebound. Currently, the $100,000 level has become a battleground for bulls and bears. Last night, the price fell below 101,400 (the 0.382 retracement level), and now it depends on whether the bulls can strongly reclaim lost ground. The more critical support level below is at 98,200 (the 0.5 retracement level), which is the golden buying point for medium-term layouts. However, for spot investors, there’s no need to rush into the market for now.
As for the $95,000 level, trying to catch it is practically impossible. How could large funds easily allow the price to touch the 0.618 golden ratio? It's normal not to get filled on orders. Old players in the crypto world understand this principle: the market won't drop to your preset buy price, nor will it rise to your psychological price for chasing highs; the market is just that 'cunning'.
Finally, let me emphasize: it's fine to speculate on short-term rebounds now, but the real opportunities worth laying out for the medium term still need to wait for the key price level of 98,200. Don't get sidetracked by the verbal battles of Musk and Trump; stick to your trading strategy and don't become an unwitting target for harvesting!