Morning Market Update! Expected Downtrend!
Many people are asking if it's possible to buy the dip?
Analysis as follows:
After the release of yesterday's non-farm payroll data, expectations for interest rate cuts have increased.
The market rebounded slightly: However, Trump issued two major negatives:
1. Claims that the non-farm payroll data is fabricated and he fired the Labor Department director.
2. Claims of Russian provocation, sending two nuclear submarines forward.
Last night, U.S. stocks and cryptocurrency stocks saw declines greater than altcoins, with COIN dropping 16.7% and VAPE falling over 20%. This morning, $BTC briefly fell below $113,000, with 200,000 people liquidated across the network in the past 24 hours.
Arthur Hayes sold 2,373 ETH within 6 hours, and Huang Licheng increased his long position in the early morning before selling again, with unrealized losses expanding to $18.5 million.
Suggestion: Institutions are not working over the weekend; buying the dip is possible but should be done in batches to prevent a drop below $110,000. After this round of adjustments, the long-term outlook remains bullish, and large positions can be allocated to BTC.
