Last night, the overall market buried a lot of longs, and who knows how many people wiped away tears with their hands over their faces.

$BTC BTC slid from 63,209 all the way to a new low of 59,060. This price is already the lowest point in the past two years. Thankfully, the rebound had some real strength—especially when the U.S. stock market closed at 4:00, it held steady at 60,000. If 59,000 hadn’t been defended, then nobody would know where the bottom would be from here onward.
$ETH ETH dropped straight from 1,692 to 1,551. It had managed to hold around 1,620 for a bit, but the moment BTC broke below 60,000, it kept falling hard as well. Later on, it also followed with a strong rebound.
Right now, the market is choppy. At these levels, going long or short in the short term isn’t really a good idea—let’s observe first!
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