Star technology stocks in the US stock market all fell sharply before the market opened, with Apple, Tesla, and Nvidia all falling by more than 7%. There is a high probability that the US stock market will fall sharply by inertia at night. Unless the Federal Reserve releases news and intends to take measures, BTC and Ethereum ETF will also weaken under this influence.
At present, BTC has reached a high of 53,200 points. The middle track of the 15-minute Bollinger Band has not been able to go up several times. There is a possibility of another correction. In addition, the US stock market is under pressure at night, and the probability of inertia falling is high.
ETH has completed a second bottoming out at the 4-hour level, but has not broken the previous low. It still has value at present. It rebounded by nearly 200 points in a while. Let's see if it can hold the previous low at night.
The global stock market plummeted and the US economic recession was worried, and there was a short-term panic selling. It fell directly by 10,000 points in two days. The US stock index futures, the US dollar index, and the exchange rate were all falling. There is a high possibility that the US stock market will fall sharply by inertia at night. The yield on the US two-year short-term Treasury bond fell by 50%, which is lower than the interest rate level. These are forcing the Fed to take measures as soon as possible, and the market began to price the Fed's early interest rate cut.
You can arrange ETH spot in small positions in batches. A sharp drop will correspond to a sharp rebound, such as the inertial decline on the second day of the 312 crisis, followed by a sharp rebound!
