#U.S. stocks, let's take a look at the market situation after the opening.
Although the Nasdaq once hit the circuit breaker before the market opened, it did not trigger the circuit breaker mechanism.
After the opening, the Nasdaq once fell to around 7%, and then rebounded.
At the same time, the S&P, Russell 2000, and Dow Jones rebounded one after another.
Technology stocks began to close their losses one after another.
At present, the Nasdaq and S&P have basically recovered half of the opening losses.
In terms of encryption,#BTCdid not follow the decline after the opening. As the U.S. stock market closed the decline and did not trigger the circuit breaker mechanism, the BTC price gradually rebounded, and ETH followed closely.
But still don't be overly optimistic. The current BTC increase has not broken through the 1-hour level of the mid-line suppression, indicating that the bullish sentiment is not enough. At the same time, the high is accompanied by selling pressure, and the small-level long-short game is still strong.
If the trend of US stocks remains stable after midnight, as long as there is no crisis that triggers the circuit breaker mechanism, then tonight will be relatively calm. However, for the crypto market, BTC still needs a lot of liquidity and bullish sentiment to rise back after such a drop. The market is currently lacking in this regard. In addition, once it rebounds, US trading funds will prioritize US stocks, especially technology stocks, which may affect the rebound of BTC in the short term.
Continue to wait and see!
