Nvidia CEO Jensen Huang suddenly resigns, $BTC falls to 71K, a 12-week low… Is this a panic or an opportunity? 😱
Bottom line: Tonight’s 21:30 PPI is the real test. I’m not rushing to catch a falling knife before then.
What happened last night?
1️⃣ Nvidia CEO Jensen Huang announced he was stepping down effective immediately. Tech stocks led the sell-off, and risk-off sentiment spread straight to crypto.
2️⃣ BTC hit an intraday low of around 71,100, down nearly 4% in 24 hours. Over $700 million in positions were liquidated across the market, including about $640 million in longs.
3️⃣ Spot Bitcoin ETFs saw net outflows of around $1.44 billion over five consecutive days. MSCI also decided to remove Strategy from its index starting 11/30, potentially forcing passive funds to sell.
My take:
👉 This is a pile-up of negative news, not a single event, so short-term rallies are likely to face selling pressure.
👉 The key support level is the 70,000 mark. If it breaks, the next stop is around 69K.
👉 I’ll only feel that buyers are coming back once BTC gets back above 73.4K.
👉 $ETH is holding around 2,000. If this level breaks, watch out for a further drop.
What I’m doing: No leverage today. I’m keeping cash on hand and waiting for the PPI release before making a move.
Which camp are you in? Comment with one choice 👇
A: 71K is a gift—buy in gradually
B: Wait and see if 70K breaks
C: Stay out and watch; decide after the PPI
Follow me for a pre-market roundup every morning, so you can catch up on what happened last night in just one minute 🙌
#BTC #輝達 #PPI #CryptoMarket
Bottom line: Tonight’s 21:30 PPI is the real test. I’m not rushing to catch a falling knife before then.
What happened last night?
1️⃣ Nvidia CEO Jensen Huang announced he was stepping down effective immediately. Tech stocks led the sell-off, and risk-off sentiment spread straight to crypto.
2️⃣ BTC hit an intraday low of around 71,100, down nearly 4% in 24 hours. Over $700 million in positions were liquidated across the market, including about $640 million in longs.
3️⃣ Spot Bitcoin ETFs saw net outflows of around $1.44 billion over five consecutive days. MSCI also decided to remove Strategy from its index starting 11/30, potentially forcing passive funds to sell.
My take:
👉 This is a pile-up of negative news, not a single event, so short-term rallies are likely to face selling pressure.
👉 The key support level is the 70,000 mark. If it breaks, the next stop is around 69K.
👉 I’ll only feel that buyers are coming back once BTC gets back above 73.4K.
👉 $ETH is holding around 2,000. If this level breaks, watch out for a further drop.
What I’m doing: No leverage today. I’m keeping cash on hand and waiting for the PPI release before making a move.
Which camp are you in? Comment with one choice 👇
A: 71K is a gift—buy in gradually
B: Wait and see if 70K breaks
C: Stay out and watch; decide after the PPI
Follow me for a pre-market roundup every morning, so you can catch up on what happened last night in just one minute 🙌
#BTC #輝達 #PPI #CryptoMarket