In just 25 minutes, it dropped by more than 800 points.

This is another version, the "supercycle," with imagination running at 140k~ Everything must be left to time.

Asian session short-term: There's a lack of buying power. Watch 78200; a break below this level could technically end the rebound from 74500. In just 25 minutes, the price has fallen by over 800 points.

Bad news! The 4-hour MACD has formed a golden cross! Bonus: 1-hour OBV data to see if the decline can end. Meanwhile, gold prices are almost back to recover their Asian session losses. What an unpredictable market!

It's almost 4 PM Beijing time; the US stock market pre-market opens at 5 PM. Gold and oil prices plummeted in Asian trading today, as did Bitcoin. If the decline continues after the US session starts, it would be a black swan event in the financial world. So you can't blame the crypto community for their arguments. Survival is the most important thing.

The address is here: 0x420ef1f25563593af5fe3f9b9d3bc56a8bd8c104

Looking at the technical charts over a longer time frame: 1. The daily RSI has entered oversold territory; although the price is lower than on November 21st, the OBV is higher. 2. The weekly MACD initially had the potential to form a bottom at 87,000, but failed, and is now at levels seen during the deep bear market of 2022, yet the OBV remains higher than the EMA. 3. The monthly chart looks the worst: MACD is above the zero line, RSI is neutral, and the OBV has formed a death cross. Conclusion: Two extremes: either 74k is the bottom, or 66k is the start of a precipitous drop. Explanation of this divergence: During the decline from 120,000, there was significant buying, especially around 87k. This means the first phase of the bear market bottom at 25k in 2022 might correspond to the current 87k level. Now that the monthly chart is deteriorating, we need to see if the URPD at 87k can hold. If this area becomes a new supply zone, then the 66-74k range will not be able to form a bottom. Alternatively, it's possible that the current 74k corresponds to 25k, and 66k corresponds to 15k.

The CME closed at 84560. With the current price at 79k, this 6000-point gap is bound to be filled. It's just a matter of how long it will take. What positive news from the US tonight could fill the gap and then cause another drop? The monthly chart is bearish.

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Additional explanation: When it comes to trading, ignore all the noise outside, just do your own thing. Do you think today's drop was caused by Old Zhao or Old Xu dumping shares? Neither! "Mainland Hotel" has its rules, John Wick exists, and there are other bad guys around. Tearing the hotel down now won't change anything. In short, be responsible for yourself, don't blame others when things go wrong.