1-8 BTC pulled back to 96000 as expected. Panic intensified on the eve of non-agricultural data
The short-term bull market is over!
The performance of the US stock market was not satisfactory, resulting in a two-day roller coaster market. Recently, the correlation coefficient between the currency circle and the S&P has increased again. Basically, they are moving in a close relationship. The manufacturing data last night was not very good, which led to an increase in investors' panic and risk aversion. Finally, Trump's imminent inauguration of a series of policies has increased uncertainty. It is cold at the top.
Tonight at 9:15. Small non-agricultural data, ADP is expected to be bearish for US stocks and virtual currencies. But the expected increase this week. It is difficult to judge, and we can only wait and see when the data comes out. At 9:15, the square will update the post interpretation synchronously. Within 2 minutes.
$BTC I updated the post in the early morning last night, worried about the panic of Asian investors selling, and the trend appeared in the morning. 96000 directly arrived. It is reasonable. From this point of view, it will accelerate the decline and may reach 93300.. The only possibility is that the data will be significantly positive in the evening. The lifeline has fallen below 97370. If I can't get it back, I won't consider going long.
$ETH $SOL $SUI has a much more obvious trend than BTC. I wrote in the comments yesterday morning that the three showed a shrinking divergence and there is a need for a callback. This time, the decline is greater than BTC. And all fell below the lifeline.
I had a long order of 3400 points, but it didn't reach the expected 4000 points. It only reached 3728, which is a pity. I lost the capital protection loss. The market is like this, face it calmly, and look for opportunities.
The spot SUI of 4.3 is not far from the cost. Look at the data tonight and make plans.
In short: The short-term rising market has come to an end. No matter what happens in the later period, don't make too many judgments. Wait until the trend wizard turns long again before entering the market. I only go long and don't short altcoins. If there is no opportunity, I will mainly hold spot and wait and see.
Don't panic too much.
