Market Analysis:

On the early morning of January 31, silver plummeted 36%, setting a 46-year record, gold fell 12%, and the crypto market was bloodied. BTC dropped to a low of $81,200, ETH broke below 2634, hitting a new stage low, with approximately 280,000 traders liquidated and losing 1.5 billion!

Macroeconomic aspects:

1. Catalyst for the crash: Trump nominated Kevin W. W. to be the new Federal Reserve Chair. The market expects a shift towards tightening monetary policy, with the probability of a rate cut in March dropping sharply to 13.5%;

2. Profit-taking concentrated in high-position precious metals, triggering algorithmic trading, forming a "decline → stop-loss → further decline" death spiral. The crypto market, as a high-risk asset, was sold off in tandem;

3. BTC spot ETF saw a net outflow of $738 million in a single day, completely destroying market confidence;

Operational Suggestions:

Short-term short: BTC 84500-85000, ETH 2780-2810, with light positions and stop-losses

Buy the dip: BTC 82500-83000, ETH 2650-2680, stabilize before entering

Special Reminder: Zero leverage, no bottom fishing, no holding through the storm!