Yesterday morning was still fine, the crypto market was in a bull market, BTC over 150,000, but today it has turned to crap, BTC is going to drop below 80,000, the bull market is over. Those who stayed up late stayed up, those who monitored the market monitored, checked their pockets, the money earned yesterday has dropped back today, and there's a significant loss.

I looked at the candlestick chart, the mouse and keyboard are still on the ground, I stomped around in frustration, cursing at myself, dog traders, I'm done playing. You can trap whoever you want. At noon, after a good lunch, I opened the computer and looked at the market again, damn, it's still dropping.

Yesterday the US stock market crashed, Nvidia led the decline in technology stocks, bringing the entire market down. The Magnificent Seven are now interconnected, and are heavily influenced by Nvidia; if it struggles, the others will struggle too.

The current decline may be affected by continued selling of US Treasuries and a rebound in inflation. This fact is already set in stone. The CPI data on the 15th will definitely not be good, and there will certainly be no expectation of interest rate cuts. The probability of stopping rate cuts in February is very high. No need to mention, Biden's painted achievements and data, this time Trump must take the hit.

This drop, in terms of data, faces challenges that are indeed not optimistic. Currently, AI is developing rapidly, productivity continues to grow, and the economic momentum remains strong; the US stock market will not collapse. When Trump comes to power, various stimulus plans will definitely be released. The economy will continue to rise, the US stock market will continue to surge, and the bull market is still here, everyone, don’t worry.

Currently, from the daily chart pattern, there is an engulfing bearish candle, a large bearish candle, indicating that a large amount of funds are fleeing. This drop, the level of panic is comparable to the previous drop to 92,000. The critical support below is around 96,100; as long as it holds, it will continue to oscillate upwards. If it cannot hold, it will drop to around 92,000-90,500. I remind everyone again, now buy more as it drops, at this price, many altcoins can be bought directly at market price first. If you don’t buy now, are you going to wait for another rise and then chase the high?

On the hourly level, the key support is around 96,100, if it holds, there will be a rebound, with resistance above around 97,600-98,600.

The three-day line has repeatedly reminded us, and the MACD has not yet formed a golden cross, so there will not be a one-sided bullish trend for the time being, urging everyone not to chase high. Wait for a pullback, then boldly enter the market. The opportunity is here, do you dare to enter? Do you want to go all in in batches?

Now is the time to actively buy and set the time, in a word, jump on board.