Last night, after the US stock market opened, the Dow Jones Index fell by 0.9%, the S&P 500 Index fell by 1.4%, and the Nasdaq Composite Index fell by 2%. Technology stocks experienced a noticeable pullback. Analysts believe that technology stocks may have dragged down the overall market. However, it is worth noting that most traders and tech company employees are currently on vacation, who still cares about stock fluctuations and company performance?

We all know that tech company employees work hard and put in extra hours, but during holidays, they completely relax and enjoy their time. In a few days, as these 'Iron Men' return, the stock market may welcome a wave of positive momentum. Moreover, the glamorous seven giants have a close relationship with Trump; if Trump returns to power, how could he not continue to push stock prices higher and accumulate capital for the next four years?

Recently, Canada Goose announced that it will use BTC for international trade. Meanwhile, there are many BTC mining farms in Russia; although relations with the West are tense, supporting BTC may be a reluctant choice. As more and more countries around the world, especially countries like India, start to reserve BTC, the demand for BTC may further increase. In the Eastern countries, corrupt power figures are also more inclined to choose BTC for capital transfers. In fact, data from the first quarter shows that $230 billion has already flowed out of the Eastern countries, and the situation is becoming increasingly serious.

From the daily chart of BTC, the 5-day and 10-day moving averages have now broken below key support, and the likelihood of a rebound in the short term is low. BTC is expected to continue to fluctuate downwards, with resistance levels around $97,500 and $99,500, while support is approximately at $90,500. Yesterday's increased volume decline shows that the bearish forces are still strong, and the daily chart indicates that the market has not yet bottomed out. Therefore, BTC may need to drop further before a rebound occurs. This is the last ultra-low buying opportunity in a bull market; investors can place orders in batches and prepare to enter.

On the 4-hour chart, the short-term bottom remains relatively high, and in the short term, one can consider going long around $94,000, with a stop loss set at $93,500. The resistance levels above are $95,698 and $97,805, respectively. For short positions, I do not recommend holding them for the long term; if you must operate on a short position, please decide for yourself.

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