Financial markets, bloodbath again

Bitcoin plummeted to over 75,000, Ethereum over 2100

Coincidentally, I mentioned this multiple times during my previous live streams. On the sixth day of the Lunar New Year last year, which was February 3, 2025, there was a massive crash. Bitcoin spiked down to over 91,000, and Ethereum fell below 2100. The liquidation data at that time was even more terrifying than today. That day, I experienced a liquidation of an Ethereum coin-margined position and a Dogecoin coin-margined position, so I have a deep impression.

Will the trend from last year be replicated next? Based on the current trend, Bitcoin's weekly support is at 58,000. If it consolidates for a while and then rises back above 60,000.

Everyone is now watching Yi Lihua. His position cost is 3180U, with a liquidation price of @E5@1866@E5@. But he previously mentioned that he has sufficient funds, and anything above 1000 is safe.

The current question is when will the decline stop? The rebound that started in early April last year reached a high of 1,262,000.

The brutality of the financial markets is only understood by those who have experienced it. Will gold and silver continue to fall tomorrow? That’s also a concern for everyone. Silver's decline has been equally fierce, nearly halving, but both gold and silver are at critical support on the 4-hour chart. Considering how they rose before, they probably won't surge again in a short period.

I reluctantly closed my short positions. This time, I guessed correctly. Since there are no signs of an upward trend, I will continue to hold and go with the flow.