#美联储降息预期 The US stock market suddenly experienced a flash crash last night, dropping nearly 500 points, which directly led to a significant fall in the crypto assets market. It is worth noting that the correlation between the crypto market and the US stock market after opening has become increasingly apparent. On October 30, the US stock market experienced a false breakout, followed by a rapid collapse in price.

Bitcoin is currently in a key support area around 107300, and the daily line has fallen below the lower bound of the Vegas channel. Looking back at the previous two rebounds, Bitcoin received strong support in the daily Vegas channel, but this time the situation is different, as it has failed to stabilize and stop falling at this position.

In the current market environment, blindly bottom fishing is not a wise move. Investors should remain patient and at least wait for Bitcoin to stabilize effectively at the price level of 107300 before considering entry. Market sentiment has not stabilized yet, and risk management should be the top priority.

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