Nvidia's financial report shocked the US stock market, and BTC fell below $58,000 overnight! The huge shock in the currency circle, is it a crisis or a turning point?

Yesterday's market fluctuations were eye-catching. As soon as Nvidia's financial report came out, the US stock market fell, and BTC was not spared.

But the reasons behind it are complicated: 50,000 US dollars of bottom-fishing funds took profits, the BTC selling wave in Mentougou continued to exert pressure, and the cautious attitude of large funds towards PCE data.

However, the good news is that BTC has shown solid support in the range of 58,000 to 59,000 US dollars, and the risk of plummeting to below 50,000 is less than 20%.

But vigilance is still needed, the movement of the remaining BTC in Mentougou and geopolitical risks may become new variables.

But remember that the layout of the dog dealer is far from overnight. The range of 50,000 to 55,000 may be their new starting point, and the influx of ETF funds has built a more solid bottom for BTC.