1.21 Coin and Stock Double Kill

1. Yesterday, both the cryptocurrency market and the stock market crashed, with BTC dropping 4.5% and the Nasdaq opening lower and closing down 2.4%. The technology sector led the decline, with a strong risk-averse sentiment causing funds to flow into precious metals.

2. BTC had been consolidating for a month and a half, but dropped back within a week, thanks to Trump’s influence, but more so due to a weak rebound.

3. Yesterday, there was a short-term panic sell-off, and BTC's price fell back into the consolidation range; we need to see if this range can find support.