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Today, the Crypto Assets market experienced a complete crash, with Bitcoin falling by 5%, Ethereum plunging by 10%, and other Tokens generally dropping more than 15%, leading to a sharp contraction in market Liquidity. There is no sign of any Rebound at all. The Nikkei 225 index plummeted by 9%, triggering a circuit breaker, reaching a new low since October 2023, while the Tokyo Stock Exchange Financial Index dropped by 12%; the Korean KOSPI index fell over 4%, prompting the government to urgently suspend programmatic selling. Singapore's Nikkei 225 index futures dropped 10.2% during trading, triggering a circuit breaker mechanism, and COMEX gold futures fell below the $3000 per ounce mark, hitting a low of $2978, a three-week low; gold ETF open interest fell to the lowest level since November 2023!
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The current uncertainty mainly comes from tonight's opening of the US stock market. Due to the unexpected trade war, the Nasdaq plunged nearly 6% last Friday, and the negative effects of the countermeasures over the weekend have not yet reflected in the US stock market, which is what the market is most concerned about right now. Currently, tariffs have triggered a stock market crash, and there is a recession risk for the US economy. Under such circumstances, the Federal Reserve has no choice but to make certain compromises, and interest rate cuts will definitely come in the second half of the year, with a high probability in June, so everyone must stay calm. For bottom fishing, one can gradually buy in small positions; it's fine to slowly accumulate Bitcoin at this level, just don't go all in, just buy gradually. The hardest times have actually passed. As for altcoins, once Bitcoin stabilizes, altcoins will definitely experience a rebound, and then continue to return to zero or adjust.
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The afternoon trend shows a distinct V-shaped reversal characteristic. Bitcoin briefly dipped to around 74457 before starting a rebound. Bullish forces concentrated in the afternoon, pushing the price to break through the 77500 level but stopped there. Ethereum mirrored the rebound, starting its upward attack from the 1410 level, reaching a peak resistance at 1520 before falling back under pressure. After opening low this week, the price has been declining. The 4-hour chart shows a weak pullback at the short-term level, and it is expected that the adjustment space will deepen further this week. Due to the large volatility base, the current price is far from the breakdown point, and after a sharp drop following a low opening, it is not advisable to chase positions; instead, one should wait for a rebound in the US stocks before choosing to short. Overall, Bitcoin faces considerable short-term adjustment pressure, and the operation should focus on high shorts during rebounds, being cautious about chasing prices.