#数字资产市场观察 Did the start of February deliver a heavy blow? In simple terms: there are no buyers entering the market, and sellers are lined up in long queues. This round of decline is actually the simultaneous eruption of several signals: 💸 The Federal Reserve's stance has turned hawkish. The expectation of interest rate cuts has completely cooled down, and the chain reaction of the leadership change is still fermenting. Traditional assets have suddenly become attractive, and funds are starting to flow towards cash and bonds. Bitcoin? No one is willing to be the bag holder. 📊 The order book is terrifyingly thin. The higher the price, the fewer the orders. When large funds or institutions sell off, the price drops sharply without any support. 🐋 Large holders retreat + retail investors panic selling Some whales are cashing out and leaving at high positions, and short-term players see their accounts turning green and immediately follow the trend to cut losses. Panic spreads like a virus, accelerating the decline. 🌍 Global risk aversion sentiment rises It's not just the cryptocurrency market that is declining; the stock market and tech sector are also pulling back. Everyone is looking for safe assets, and cryptocurrencies are naturally being abandoned. --- 🔍 The essence is: "Deteriorating expectations → Liquidity depletion → Whales fleeing → Retail panic" death loop. It's not that Bitcoin is having problems; it's the market cooling down emotions. Don't listen to those who are shouting that Bitcoin will drop to 50,000 or 60,000. Unless there is a black swan event, even if a bear market comes, it will still be a rhythm of decline - rebound - and then decline again. Can such a deep plunge happen all at once? How can the leader lead the team? As emotions are repaired and funds flow back, you will find: BTC is most frightening when it falls, and it rises the most aggressively. This round is estimated to have a pullback of about 5%, the impact of the Federal Reserve's personnel change has not been fully digested, and Trump is still contemplating the issue of interest rate cuts... Will the market first experience a false drop before rebounding? It's hard to say. Don't forget about ETH either. There is a community upgrade on December 4th, and such positive news can easily trigger a short-term sentiment rebound. This is the psychological tactic that the dealers play. Trading is about playing probabilities; only take high win rate opportunities!

#香港稳定币监管框架 Last night's Bitcoin operation was paced pretty well. The short position opened at 91671, and I closed it when I saw it was near 88466. This trade resulted in a segment of about 3200 points, with nearly 20,000 dollars credited to the account. Recently, the market has indeed been quite interesting, and it may choose a direction at any time during the high-level fluctuations. Whether to short or to go long, the key is still to accurately time the entry, and not to chase highs or sell low. By the way, the new policy regarding stablecoins from Hong Kong has come out, which may affect capital flow. Everyone should pay attention. $BTC $ETH $SOL

#数字货币市场回升 Last night's BTC short order rhythm was handled quite well. Opened a short near 91671, and saw it drop to 88466 before closing the position, capturing over 3000 points of space. The profit from this wave is indeed good. Recently, the market has been quite volatile, and it's really crucial to position accurately in this kind of market. I usually set my take-profit levels in advance, not being greedy or anxious, and leave when it's time to go. If there are similar opportunities in the future, I will continue to share my thoughts. Friends who are interested in trading strategies can communicate more and improve their understanding together. $BTC $ETH $SOL