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This indicator never makes a mistake: BTC suddenly dropped at 7 AM Beijing time because that's when the Nikkei opened, US stock futures opened, and the world's biggest casinos opened! Gold, silver, US stocks, and the US dollar all opened sharply higher. Funds that couldn't be rebalanced over the weekend were forced to be liquidated at the market open to manage risk. - Because BTC did not stop trading, its volatility was not high. Always remember that BTC is just a leveraged US stock market, nothing special. So the question is, what exactly happened to the US stock market during this round of crash? The development of AI is too rapid; a single update to a large model can wipe out decades of effort from software companies like Adobe and Unity. - Everyone was frantically selling and short software stocks, causing them to plummet, but they were indeed oversold. - The chain reaction of this crash: first selling software stocks, then silver and gold, then BTC, and finally Google stocks, shows that everyone is panicked and now there's a problem they don't know how to solve: 1️⃣ Goldman Sachs data shows that short in US stocks has reached an all-time high. 2️⃣ Either the market will stage another major rebound like on Friday, or it will continue to fall, followed by another rebound. However, this week's market performance will depend on the data released on Wednesday and Friday. Please set your reminders. For specific data, please refer to my previous post. twitter.com/punk2898/status/20...

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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