I bought the bottom until my hands were tired, but the result was that the market kept falling. The feeling of being stuck in the whole position was really unbearable! Where in the world is there unlimited funds? I'm afraid no one can really bear such a heavy pressure!
In January 2025, the market was very lively, and various economic data were released in a cluster, including non-agricultural, employment rate, CPI and other data. With Trump's interference, the market was like a roller coaster. It finally rose for a few days at the beginning of the month, but it was smashed down by three daily lines in a blink of an eye.
The currency circle has been even more miserable during this period, and many people are bleeding in their hearts. Old players know that this round of bull market is so frustrating. Now everyone's situation is that either the whole position is trapped, or the money earned is spit back, or standing on the top of the mountain to blow the wind, the contract is directly liquidated, and some are falling all the way to make up, like a bottomless pit.
The yield on US bonds has soared to 4.65%, and all the funds are running there. After Trump took office, the issue of the US debt ceiling had to be resolved, so the market has been correcting recently. His policies change quickly, with tariffs and expansionary actions. The stock market and the cryptocurrency circle have to dance to his rhythm.
From a technical perspective, yesterday's drop was so bad, but fortunately, someone came in to buy the bottom near 92,500. As long as it doesn't hit a new low today, it will be considered stable. Short-term fluctuations may be larger, with support below at 93,000 to 92,500, and pressure above at 95,400. The three-day line looks like the correction is almost over, and it may rise slowly later. Musk's little milk dog has great potential and is worth paying attention to.
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