Reviewing History | The Crypto Market’s 3/12 Crash Revisiting the extreme market conditions of March 12, 2020, and experiencing the brutality of a crypto market crash. 1️⃣ March 8: BTC 9200→8300, down 9.8%; ETH 250→210, down 16%, with many investors entering to buy the dip. 2️⃣ March 9: BTC 8300→7700, down 7.2%; ETH 210→190, down 9.5%, as everyone misjudged that the risks had been fully priced in and continued buying the dip. 3️⃣ March 10–11: The market stabilized amid short-term volatility, bullish sentiment surged, and large amounts of capital entered the market. 4️⃣ March 12 (the 3/12 event): BTC 8000→5500, plunging 31% in a single day; ETH 200→120, plunging 40%. Both longs and shorts were liquidated that day, and hundreds of thousands of accounts were liquidated. Many people borrowed money to increase their positions and bet on a rebound, while the market was filled with claims that everything would go to zero, leaving many traders utterly desperate. Historical lesson: Never touch leverage; stay away from high leverage!⚠️ $BTC $ETH $OKB #Gate用户突破6000万 #美伊局势恶化原油大涨5.7% #RobinhoodChain交易量续创新高 #Gate事件合约晒单挑战

Data Diverge Ahead of Nonfarm Payrolls, September Rate Hike Expectations Heat Up I'm Cige. The ISM and JOLTS data are out, and the market direction remains unclear. The August ISM manufacturing PMI was 54.6, above the expansion-contraction line but below the previous reading and expectations, indicating slowing expansion momentum; July JOLTS job openings came in at 7.27 million, slightly below expectations but edging up from June. The two sets of data are insufficient to determine whether there will be a rate hike or a pause, but market pricing for a September rate hike continues to rise, with the implied probability at 66%‑66.9%, while the two-year U.S. Treasury yield is around 4.36%. The main event is Friday's nonfarm payrolls report. July nonfarm payrolls came in at -23k, while May and June were revised down by a combined 103k. If employment continues to weaken in August, rate hike expectations will cool; if the data rebounds sharply, hawkish sentiment will gain support and the probability of a rate hike will rise further. BTC is fluctuating under pressure around 77500. Employment is cooling but has not collapsed, intensifying the battle between bulls and bears. It is not advisable to bet on the data; wait for the nonfarm payrolls report to be released before taking action. The broader direction is unchanged, but the pace has changed. That's all from Cige—take your time to digest it. $BTC $ETH #美伊局势恶化原油大涨5.7% #RobinhoodChain交易量续创新高 #RobinhoodChain交易量续创新高 #Gate用户突破6000万

ETH BOLL: Price is close to the lower support band but remains below the middle band, with the overall structure skewed weak. Fund flow: Funds continue to flow out significantly, with insufficient buying support at lower levels. ATR: The volatility range remains normal, leaving room for another decline after the rebound. MACD: The fast and slow lines are close to the zero axis but lack upward expansion, indicating insufficient recovery momentum. Trading volume: Selling volume increased during the decline, and the current low-volume consolidation has not reversed the weak trend. KDJ: The indicator has moved sideways and flattened, without forming a clear upward divergence. RSI: The strength indicator is in a neutral-to-weak range, and the bulls have not yet regained the upper hand. Strategy: Entry: 2440-2455 Stop-loss: 2490 Take-profit 1: 2405 Take-profit 2: 2380 If it breaks below 2380, continue to watch: 2350#ETH