Musk and Trump have just cooled off after their feud!
The X platform has just staged a massive collective account suspension drama involving a million influencers! These two big shots finished arguing, and Musk quickly deleted his mocking tweet, appearing to shake hands and make peace, while secretly, there are undercurrents at play. I have to say, this operation is really just a capital game within a game—first creating controversy to stir market sentiment, and then taking the opportunity to bottom-feed their own stocks. By the time the retail investors realize what's happening, these guys have already counted their money until their hands are sore.
The essence of businessmen and politicians is that they are the leading actors on the stage, every frown and smile is part of the business strategy. But don't underestimate Musk's vengefulness; over the past couple of days, anyone on the X platform who dared to joke about their "ambiguous relationship" faced post deletions at best, and account suspensions at worst. What's even harsher is that those KOLs trying to bypass the X platform for a piece of the advertising pie were all taken down in one go! This collective ban may very well be the behind-the-scenes driver of today's BTC plunge—don't think that banning influencers doesn't affect the crypto world; when the platform's ecosystem is artificially interfered with, it's completely normal for funds to panic and flee.
From a technical perspective, BTC is currently stuck at the critical level of 107,000. If this level cannot hold, the double-top formation will be confirmed, and the market will likely continue to drop. I have repeatedly emphasized that 110,000 is the peak for this phase; shorting now is ten times safer than going long! Those shouting about 150,000 or 200,000 are either foolish or malicious— even if it can rise, it has to go through a bloody washout first. Spot traders should remember, as long as BTC doesn't drop below 100,000, don't rush to enter the market; contract players should be even more cautious. In this kind of market, staying alive is more important than making money!
