In the early morning of January 30, BTC plummeted by more than 6%, reaching a low of $83,216 (a new low since November last year); ETH plummeted to $2,752. This is a multi-asset resonance plunge caused by the "global liquidity crisis", and the crypto market has become a "high-leverage sacrifice.
Macro:
1. Gold and silver flash crash + US stock market crash, global risk assets dived: spot gold broke through the three hundred marks of 5300, 5200 and 5100 in half an hour, falling more than $400 (down 7.5%) from the intraday high; silver plummeted 8%, falling more than $15; The Dow Jones Industrial Average plummeted 5.2%, the Nasdaq plummeted 7.8%, Microsoft's market value evaporated by $357 billion, technology giants collectively fell into risk assets, and cryptocurrencies were sold off;
2. BTC fell below the key support level, triggering more than $800 million in programmatic stop-loss orders, forming a death spiral of "falling→stop-loss→ and then falling", with the entire network liquidating $1.006 billion in 24 hours, and more than 227,000 people lost their money.
3. The White House will convene a meeting of banking and crypto industry executives on February 2 to discuss the cryptocurrency bill, and the market is worried about stricter regulations and early release of risks;
Operation suggestions:
Short test: BTC 86000-86500, ETH 2860-2890 (light position with stop loss);
Low absorption: BTC 83600-84100, ETH 2780-2810 (stabilize and then advance)
Special advice: don't buy the bottom and don't carry the order!
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In the early morning of January 30, BTC plummeted by more than 6%, reaching a low of $83,216 (a new low since November last year); ETH plummeted to $2,752. This is a multi-asset resonance plunge caused by the "global liquidity crisis", and the crypto market has become a "high-leverage sacrifice.
Macro:
1. Gold and silver flash crash + US stock market crash, global risk assets dived: spot gold broke through the three hundred marks of 5300, 5200 and 5100 in half an hour, falling more than $400 (down 7.5%) from the intraday high; silver plummeted 8%, falling more than $15; The Dow Jones Industrial Average plummeted 5.2%, the Nasdaq plummeted 7.8%, Microsoft's market value evaporated by $357 billion, technology giants collectively fell into risk assets, and cryptocurrencies were sold off;
2. BTC fell below the key support level, triggering more than $800 million in programmatic stop-loss orders, forming a death spiral of "falling→stop-loss→ and then falling", with the entire network liquidating $1.006 billion in 24 hours, and more than 227,000 people lost their money.
3. The White House will convene a meeting of banking and crypto industry executives on February 2 to discuss the cryptocurrency bill, and the market is worried about stricter regulations and early release of risks;
Operation suggestions:
Short test: BTC 86000-86500, ETH 2860-2890 (light position with stop loss);
Low absorption: BTC 83600-84100, ETH 2780-2810 (stabilize and then advance)
Special advice: don't buy the bottom and don't carry the order!