Today's Market Analysis #加密市场回调

The significant drop last night was mainly triggered by the decline in the Nasdaq index. U.S. stocks opened high but fell, coupled with the emotional impact after the holiday and a false rumor about tax rates that stimulated the U.S. dollar index, leading to a substantial market pullback. Many long positions have been liquidated.

After this wave of rebound ends, Bitcoin may enter a correction or downtrend period, and this adjustment might be oscillatory rather than a straight decline. Short positions need to wait for a complete confirmation of the smaller structure before making any strategic moves.

Currently, it is not advisable to continue chasing long positions. Especially before Trump takes office, there should be a decline followed by a rise; in any case, remain calm.