As the New Year approaches, the market seems reluctant to let funds stay idle. Last night, both the US stock market and the crypto market experienced intense volatility simultaneously, and precious metals also followed suit with declines—gold and silver's upward momentum was quickly broken.
For Bitcoin and Ethereum, technical signals have been evident for some time. The analysis a few days ago already warned of risks at key resistance levels. Those traders who were bottom-fishing or shorting should be able to stop the bleeding this time. The question is whether this intense volatility is just short-term turbulence or part of a larger correction. The market pace has clearly accelerated, and holders need to be especially cautious.
The sharp decline in precious metals is particularly noteworthy—usually indicating a re-pricing of risk assets. The crypto market tends to have lower liquidity around the New Year, and large inflows or outflows can easily cause significant price swings. In the short term, whether key support levels can hold will be crucial in determining the subsequent direction.
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GasFeeCry
· 4h ago
Here we go again. I had a feeling this drop was coming. Whether the support level holds or not is the key.
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SerumSqueezer
· 14h ago
The New Year market is so exciting, it directly triggered all my stop-loss orders last night haha
If the support level really can't hold, there might still be some room to go down in this wave
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ConsensusDissenter
· 14h ago
Here it comes again, every New Year it's the same chaos, really getting tired of it
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Gold has also fallen? Looks like it's not just a crypto thing this time
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If the support level can't hold, we'll just cut and run, we're used to it anyway
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Poor liquidity always leads to this kind of behavior, funds just love to rush
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I already said to reduce positions early, but you only regret it now
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The resistance level has been obvious for a while, but those who didn't sell are to blame
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Does the New Year give no one a chance to catch a breath?
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It's interesting how precious metals follow the trend and decline, what does this indicate?
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Those who got liquidated in contracts are probably crying, serves them right
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Still debating whether to short-term or adjust? Just look at the support level, and it's done
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GateUser-e51e87c7
· 14h ago
Gold has already fallen, what else can we trust? When liquidity is poor, we need to be more cautious.
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SlowLearnerWang
· 14h ago
Here we go again, I already reminded you a few days ago? Why didn't you listen to me? I already cut my losses haha
I just want to know how long this support level can hold, anyway I am already on standby
Precious metals are also plunging, this time I played quite wildly. Happy New Year to my wallet
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TokenVelocityTrauma
· 14h ago
The New Year market trend is like this, full of twists and turns. If the key support level collapses, the whole market will suffer.
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The plunge in precious metals is really terrifying. It feels like risk assets are about to be reshuffled.
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That drop last night was no mistake; poor liquidity is a ticking time bomb.
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Stop the bleeding? Ha, I should have run earlier, right? Now I only remember to stop the bleeding.
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Short-term adjustment or a major correction? Honestly, no one can say for sure. Let's wait for the support level to show its stance.
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It's the same old story. When gold falls, it's always risk pricing. Who told you that?
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Holding the support level? I think it will break directly. Funds are eager to dump.
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Poor liquidity around the New Year is nothing new; we should have been more cautious.
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The pressure level was broken long ago. Now the key is where the bottom is.
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The market moves so fast that those who can't keep up get cut out.
As the New Year approaches, the market seems reluctant to let funds stay idle. Last night, both the US stock market and the crypto market experienced intense volatility simultaneously, and precious metals also followed suit with declines—gold and silver's upward momentum was quickly broken.
For Bitcoin and Ethereum, technical signals have been evident for some time. The analysis a few days ago already warned of risks at key resistance levels. Those traders who were bottom-fishing or shorting should be able to stop the bleeding this time. The question is whether this intense volatility is just short-term turbulence or part of a larger correction. The market pace has clearly accelerated, and holders need to be especially cautious.
The sharp decline in precious metals is particularly noteworthy—usually indicating a re-pricing of risk assets. The crypto market tends to have lower liquidity around the New Year, and large inflows or outflows can easily cause significant price swings. In the short term, whether key support levels can hold will be crucial in determining the subsequent direction.