The cryptocurrency market collapsed, the U.S. stock market collapsed, what happened to Wall Street?

Nvidia, which is closely related to the cryptocurrency market, has been falling since the opening last night, and fell by more than 10% in the early morning of today, and then fell by another 3% after the market.

The Nasdaq, the U.S. stock market, also went out of the altcoin market, falling by more than 3%. This is the U.S. stock market.

The Bitcoin ETF continued to have a net outflow of funds for the fifth day, with an outflow of 290 million U.S. dollars in the early morning of today.

Wall Street is now most worried about recession. The employment data at 8:30 p.m. this Friday will be the cornerstone of the cryptocurrency market trend in the next month.

Bitcoin has currently fallen to the Fibonacci 0.618 support of 55,000. You can consider buying some spot to fight for a rebound, but the contract is still stable. I will choose to hit hard at 50,000.

Because this is the previous low, the support is strong, and it is expected to start a good double bottom rebound. And the profit and loss ratio is very cost-effective, because we can stop loss if it falls below the previous low slightly, and there is a lot of room for rebounding upwards. Therefore, no matter the success rate or profit-loss ratio, I will buy one more hand at 50,000. It depends on whether the market gives me the opportunity!