BTC has already dipped before the US stock market on the weekend, so a large-scale decline like this is unlikely.

Especially since the sharp drop over the weekend was partly due to liquidity reasons. After the workweek begins, liquidity will increase, and buying power will also rise. Yesterday, it was calculated that the average purchase price of spot ETFs is around $75,000. Currently, miners with machines priced above 20W/t have almost all stopped operations. Even $MSTR's cost is above $76,000, which should attract interest from many institutions.

Looking at Bitcoin data, the turnover rate on Sunday was quite high for a weekend, indicating that the price fluctuations of $BTC still cause some short-term investors to panic on the second day of volatility. The next key point is the reaction on Monday, especially since there is a short trading halt on Monday. However, this halt is not expected to have a significant impact, and the market estimates that trading will resume by Tuesday. Therefore, there are no further negative signals from the political side.

This decline was triggered by Microsoft; the cash position of fund managers might be the last straw that breaks the camel's back. If both factors are correct, the downside space for US stocks is actually limited, as there are no systemic risks at present, and the AI narrative remains very strong.

A rebound around 72128-70447 can be considered for long entries, with additional positions around 67500. The target can be set near 80000.