US stocks opened only slightly higher, with funds flowing into semiconductor stocks (Micron surging). The diversion of on-market funds toward the stock market will siphon liquidity from the crypto market, indirectly putting downward pressure on BTC.



Meta is down. Its self-developed AI chips will intensify competition in the computing power industry, weakening bullish expectations for AI-themed narratives in the crypto space, which is unfavorable for BTC to rebound strongly.

Given that BTC itself is already in a downward channel on the chart, with lows continuously moving lower, and combined with the stock-market diversion of funds, the rebound strength will be very limited.

Operation suggestion:
Short on failed rebounds under pressure in the BTC 628-635 range. Downside targets are 615, and even 583. Long-term target: 550.
BTC1.48%
META4.68%
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