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3 million GOOGL earns 1 million in half a month, Shu Qin's AI deployment this time is truly outrageous, congratulations to those who followed.
1. Last night, a big bomb exploded in the US stock market, with major tech companies' revenues exceeding expectations, and the US stock market hit a new record high. Among them, Google surged 10% in one day, just 5% away from surpassing Nvidia to become the world's most valuable company. So, what will happen to Bitcoin?
2. The correlation between the crypto world and the US stock market is still quite good. With the US stocks so strong, Bitcoin also rose slightly, but the increase was not large, seeming more like passive follow-up. In the face of a US bull market, the lack of volatility in the crypto market is actually a typical bear market characteristic.
3. Compared to that, Bitcoin's performance is still relatively good. ETH and SOL haven't even reached their previous highs, and Sol's rebound is even less than the high point in March, showing weakness. When the US stocks rise significantly and then pull back, I think the crypto market will start a larger correction.
4. Currently, Bitcoin's resistance is around 77,000. We previously took profits on our short positions, and now that it’s rebounding, I think it's a good opportunity to re-enter. Don't take too big steps; take profits when there are decent gains because if the US stocks remain strong, Bitcoin will also find it difficult to drop sharply for now. Wait until the US stock market's momentum passes. It seems we are back to our favorite wave trading phase now.
5. Additionally, Shuqin has to say, AI is extremely hot right now. As shown in the chart, our most watched Google has already skyrocketed. Shuqin bought 3 million GOOGL shares, and in half a month, earned over 77.7k. It's really crazy. Congratulations to the investors who followed my layout. And don't rush in the crypto market; by the end of the year, a bull market will also arrive. Just follow my aggressive operations!