US, China, and South Korea stock markets all plunged together, and BTC (big pie) also took a dive in sync!

Global stock markets weakened across the board, and the crypto market followed with a sharp drop. Many people are wondering what caused the sell-off, and whether it will continue to move downward afterward?

Last night, US stocks and ETH originally showed signs of a rebound. Driven by news of breakthroughs in domestic lithography machine technology, overseas semiconductor stocks faced panic selling. The panic sentiment then spread, dragging the crypto market lower in tandem.

The current situation is not optimistic. BTC’s走势 is highly correlated with the Federal Reserve’s rate decision meeting. Historically, there has often been a pattern of rising before the meeting and pulling back after. This time, the pre-meeting行情 also pushed higher, but in the middle of the night, it was pressured and rolled over directly due to the broader market.

Trading plan: First, look to short at high levels, betting on post-meeting行情
If there is a rebound, set up a high-level short. Key resistance is 657–668. The earlier top-escape was already completed at this level; if it tags it again, you can continue shorting. There is a minor resistance around 647 for the short term—aggressive traders can try a small position short.

For ETH going forward: If the rebound is in place, short it. If there is no rebound and the decline reaches target, prepare to buy the dip.

Buy-the-dip reference: For BTC, watch support above 615; for ETH, watch around 1810

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