The crash is here! Bitcoin has dropped by 4%, and the South Korean stock market has collapsed by nearly 10%. Will it continue to fall? Let's take a look.
1. This collective drop is mainly due to the flash crash of South Korea's stock market/NVIDIA's major suppliers, Samsung and SK Hynix, causing Bitcoin to also have a downturn. So what exactly happened? Did the AI bubble suddenly burst?
2. Actually, it's not that at all. The main negative factor is that Trump has pulled the rug out from under us, planning to redeploy the THAAD missile defense system and the Patriot missile defense system, originally stationed in South Korea, to the Middle East, leaving South Korea without a protective umbrella, while North Korea has nuclear weapons. No wonder the South Korean stock market has collapsed like that.
3. Of course, this also indirectly proves that the U.S. overseas military supplies are already starting to run short, needing to mobilize equipment from such an important place as South Korea. This conflict in Iran might exceed expectations, and oil prices have already surged by 10%.
4. Can $BTC go long? Currently, it seems there is some support around 6.57. If the coin price is to rebound, the chances around this area are quite large. Those who want to try can give it a shot. The most solid support is definitely around the previous low of 6.3. We have gone long here several times, and each time we have reaped significant rewards~
5. And last night, when Bitcoin surged, Shuqin was in a video telling everyone to take the opportunity to short because the previous high near 70,000 would definitely see a pullback. However, this pullback was a bit large. Initially, we just wanted to take a small profit, but now it looks like we've made a big gain. These operations are all real-time; as soon as there is a market movement, we act, and the results are immediate~