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Recently, the correlation between the US stock market and the Crypto Assets market has attracted the attention of investors. Today, the US stock market opened high but then experienced a pullback, which is not surprising. The Nasdaq index has already risen to quite a high level, and a market adjustment seems inevitable.
Although a high opening does not always mean a pullback will occur, considering the current market environment, the likelihood of a pullback is significant. At the beginning of this week, analysts predicted that a substantial decline might happen this week, with target price levels possibly approaching 112000 points.
For Bitcoin (BTC), its price movement is often closely related to the U.S. stock market, especially technology stocks. Therefore, in the event that the Nasdaq index may face a pullback, the price of BTC may also be affected.
In this market environment, investors need to remain vigilant and closely follow market trends. If there is a pullback, it may be advisable to moderately reduce positions, but at the same time, it is important to retain a certain level of holdings to avoid missing potential rebound opportunities.
Overall, market volatility is the norm, and investors need to establish long-term investment strategies rather than excessively focusing on short-term price fluctuations. Closely following macroeconomic indicators, policy changes, and market sentiment is essential to making informed investment decisions in a complex market environment.