Chip stocks plummeted, is the B-coin circle suffering? BTC is testing the final line of defense!

First, let's state the conclusion! This is a somewhat bearish signal, read on below ↓
For the D-head: Now is not the time to rush into bottom fishing. The decline in the US stock market will put selling pressure on the B-coin circle, it is recommended to wait until the US stocks stabilize after closing, or observe whether BTC can quickly recover after poking near 62,000 (forming a long lower shadow).

For the K-head: The current trend is downward, and there is a favorable environment. But note that 62,000 is a strong support zone, which may experience repeated oscillations, so it’s not advisable to short right below the support level to prevent a rebound.

In one sentence: The sharp decline in US tech stocks will drain liquidity from the B-coin circle, and BTC is likely to face pressure testing the support at 62,000 below, beware of breaking down. $BTC $ETH $SOL