🚨A not-so-good signal: A mini death cross has appeared in the US stock market, and US Treasury yields are approaching 4.4%——

The technical aspect has deteriorated, volatility is rising, and market positions are overly concentrated in tech stocks and high-volatility assets.

If key price levels are broken, the sell-off triggered by capital flow could be very severe.

After the death cross appeared in March 2022, $BTC experienced a maximum drawdown of over 60%. The real driving force during that round was interest rate hikes and liquidity contraction; the death cross was merely a confirmation signal.

This time there seems to be a similar flavor:

The Nasdaq has already shown strong sell + a suspected death cross, and BTC has also given a nearly 10% drawdown in the short term.

Everything seems to be heading toward a critical juncture.

The market is in dire need of a directional macro turnaround: either a ceasefire or interest rate cuts. Otherwise, the tension of this high interest rate + high position combination is unlikely to ease naturally.

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