Shu Qin: Is a stock market crash coming? Korea's stock market hits the circuit breaker and drops 10%! Bitcoin plunges, wiping out all gains. What's next?

1. First, let's talk about why it fell: Korea's success and failure are intertwined. Korea's stock market soared nearly five times in just one year, rising from 2,200 points to nearly 10k points, a milestone, while the Nasdaq 100 index also reached the 30k-point mark. So why did they fall?
2. Shu Qin checked the news, and there are no sudden negative surprises; it's purely a correction after a big rise, hitting key psychological levels: the KOSPI index at 10,000 points and the NDX at 30k points. Every time stock indices approach these psychological levels, there's a significant pullback.
3. Shu Qin is now quite worried about the US stocks; both the S&P and Nasdaq have formed double tops. We've mentioned this in recent videos—if double tops can't be broken through for a long time, big trouble could happen. Bitcoin is also affected, challenging the major resistance at 65.3k, but failing to hold steady, causing the market to turn sharply downward.
4. Bitcoin's trend isn't very optimistic because it has created a lower low; the previous low was 62,300, and today it's at 61.9k. I think it's better to stay cautious. Those trading contracts for long positions can consider exiting on a slight rebound and observing; only some spot positions should be entered, to avoid liquidation, as long-term profits are still likely.
5. Actually, thinking carefully, the decline in the crypto market is a good thing because we still have 40% of our holdings waiting for it to drop below 50k to go all-in. If it really comes down this time, Shu Qin would be even happier, because the lower the bottom in a bear market, the more profit we can make in the bull market.
6. As for contracts, Shu Qin has been advising everyone to short at 65k in recent days. As shown in the chart, this has indeed yielded good results. However, I took profits at 63.6k, and I opened a long position at 62.4k. Now the situation doesn't look very good, so I choose to break even and close the position, only holding spot. If better entry points for contracts appear, we will re-enter and operate in real-time.