A single bullish green candle saved the world! 😁 The S&P 500 closed up approximately 2%, and the Nasdaq Composite closed up approximately 2.2%. - US Treasury yields are around 4.21%. The US dollar dipped slightly by 0.33%, but gold (GLD) surged by 3.02%. BTC surged 11.55% 📈 这代表什么呢？ The combination of a rising stock market, sustained (or even higher) yields, a surge in gold prices, and a weakening dollar indicates that after deleveraging, investors are returning to buy at bargain prices. Gold has regained its safe-haven status; buying some as a hedge is a good option, as shown in the chart below, aligning with market expectations. - 6.4w is very strong because so many people have this cost basis. This drop has strengthened the support level. - The next resistance level is at 82,000, so it will be a bit difficult to go up. However, since it is in freefall, it can be pushed up if there is a major positive development. The real devastating blow will be at the end of the year when a bunch of mega-AI companies will be listed, which will completely drain the liquidity in the market, amounting to hundreds of billions of dollars. At that time, BTC will be the first asset to be sold off. Did you panic when it was at 60,000 yesterday? twitter.com/punk2898/status/20...