Live Market Snapshot (today):
• Stocks: SPY 689.64 (-0.83%), QQQ 623.36 (-1.56%) → markets are selling off, led by tech weakness.
• Dollar: UUP 26.65 (+0.08%) → a firmer dollar can add pressure to crypto intraday.
• Gold & Silver: GLD 489.66 (-0.99%), SLV 103.00 (-2.46%) after huge earlier highs (GLD high 510.02, SLV high 110.21) → big reversal = volatility + positioning reset.
• Crypto: BTC 85,337 (-4.31%) (range 90,260 → 85,286) and ETH 2,831 (-5.61%) (range 3,026 → 2,811) → crypto is moving like a high-risk asset today.
What this means (simple):
This is a risk-off, post-event volatility day. When stocks drop and volatility spikes, crypto usually gets hit harder (because it’s higher risk and more leveraged).
Key lesson for today:
Big moves don’t automatically mean “buy the dip.”
They often mean liquidity is getting cleared and the market is resetting.
How to trade today (Academy rules):
Don’t chase the first bounce. Let price stabilize.
Wait for reclaim + hold (break + hold beats wicks).
Trade smaller than normal or stay flat if it’s chaotic.
If ETH is weaker than BTC, it often signals risk appetite is still low.
Question:
With BTC down ~4% and ETH down ~5% today, are you waiting for confirmation, trading smaller size, or staying flat until volatility cools?