It seems that Dajun woke up to the sky falling. Overnight, global markets experienced a comprehensive sell-off: stocks, futures, crude oil, and the crypto market all suffered heavy declines. Bitcoin showed a crash-like drop, hitting a low of 59,800, with a single-day decline of 10,000 points, resulting in heavy losses for Dajun.
Yesterday, I warned that the 60,000 level was not far away, but the market directly broke below it overnight, with a speed that exceeded expectations. This morning, the market quickly rebounded about 6,000 points, but the intense volatility also wiped out some short sellers, once again indicating that short-term trading carries extremely high risks.
It is recommended that short-term traders remain cautious, watch more and act less. Regarding the wave trend, the downward target remains at the 50,000 to 48,000 range!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1 Likes
Reward
1
1
Repost
Share
Comment
0/400
LianTianhong
· 2h ago
This rebound is really strong, once again dominated by the bulls. Those who shorted during the rebound are doomed. Does such a strong rebound indicate that the short-term decline has ended?
It seems that Dajun woke up to the sky falling. Overnight, global markets experienced a comprehensive sell-off: stocks, futures, crude oil, and the crypto market all suffered heavy declines. Bitcoin showed a crash-like drop, hitting a low of 59,800, with a single-day decline of 10,000 points, resulting in heavy losses for Dajun.
Yesterday, I warned that the 60,000 level was not far away, but the market directly broke below it overnight, with a speed that exceeded expectations. This morning, the market quickly rebounded about 6,000 points, but the intense volatility also wiped out some short sellers, once again indicating that short-term trading carries extremely high risks.
It is recommended that short-term traders remain cautious, watch more and act less. Regarding the wave trend, the downward target remains at the 50,000 to 48,000 range!