After waking up, Bitcoin plummeted to 52,000, and Ethereum plummeted to 2,150.

The U.S. non-farm data was positive, but it triggered panic selling in the U.S. stock market and the cryptocurrency circle. Many small and medium-sized mining farms have already been mining at a loss, and those with good cost control may be able to barely survive.

Some friends saw the data as positive, but asked why the plunge?

The most important thing is that I have told you many times that the big one is coming 😃

The 312 plunge was also a positive for interest rate cuts, but the market went the other way and the U.S. stock market was directly circuit-broken. This is the macro side.

From a technical perspective, it was violently pulled up after the data was released yesterday, but I saw that the market has been top divergence + U.S. stocks opened high and went low, so I simply shorted Ethereum at the market price yesterday to make a quick profit.

In fact, you can already see the short-term short-selling ideas I announced before the plunge. It has always been empty, empty, empty, empty, and before that it was mainly short-selling + short-term low-multiple as a supplement.

Key point: The extreme position increase point of altcoins I announced before has not yet arrived, which means Bitcoin and Ethereum are rubbish this time? For example, ORDI22U has not yet arrived, WIF1.15U has not yet arrived, FET0.85U has not yet arrived, and TON3U has not yet reached (TON's high degree of control is not fun). #翻仓 $BTC