Friday short sellers’ huge waterfall is accelerating right now—just do a naked short without thinking!
Last night’s PCE data spiked to 3.4%, the highest in nearly two years. Consumption data also strengthened significantly. Rate cuts are completely off the table, and the US dollar and US Treasuries remain stubbornly elevated. High interest rates tightly suppress crypto prices. In the long to medium term, everything is bearish. On top of that, Fed officials have repeatedly delivered tough comments, and the bears will keep pressing.
This morning, Korean stocks plunged 5%, triggering a trading halt again—this is the second time this week. The last time, it directly dragged the whole market down. Today is Friday; if US stocks keep weakening, a black swan could arrive at any moment.
Both the daily and weekly charts have broken down across the board, and there’s basically no room for a rebound. Resistance is 60,500–61,500, and support is 55,600–53,800. For BTC and ETH, find any position to short with a small allocation—add more on the rebound. For BTC, first look at 57,000, then the next target is 55,600; for ETH, first look at 1,450, then 1,350. Follow the trend and keep looking lower all the way down!
#HYPE较历史高点跌17% $BTC $NVDAB
Last night’s PCE data spiked to 3.4%, the highest in nearly two years. Consumption data also strengthened significantly. Rate cuts are completely off the table, and the US dollar and US Treasuries remain stubbornly elevated. High interest rates tightly suppress crypto prices. In the long to medium term, everything is bearish. On top of that, Fed officials have repeatedly delivered tough comments, and the bears will keep pressing.
This morning, Korean stocks plunged 5%, triggering a trading halt again—this is the second time this week. The last time, it directly dragged the whole market down. Today is Friday; if US stocks keep weakening, a black swan could arrive at any moment.
Both the daily and weekly charts have broken down across the board, and there’s basically no room for a rebound. Resistance is 60,500–61,500, and support is 55,600–53,800. For BTC and ETH, find any position to short with a small allocation—add more on the rebound. For BTC, first look at 57,000, then the next target is 55,600; for ETH, first look at 1,450, then 1,350. Follow the trend and keep looking lower all the way down!
#HYPE较历史高点跌17% $BTC $NVDAB