Several reasons for the sharp drop last night

1 - The Federal Reserve suddenly announced that it would cut interest rates from three times to one. The expected discount on interest rate cuts was too large, causing a direct plunge, but this does not mean that there is no confidence.

2 - The three major U.S. stock indexes collectively plummeted, with the Dow falling by 1.24%, the Nasdaq falling by 1.62%, and the S&P 500 falling by 1.45%. Popular technology stocks generally fell, with Nvidia, Tesla, and Meta falling by more than 2%, and Microsoft and Google falling by more than 2%. 1%, directly leading to currency collapse.

3 - Bitcoin is about to complete its halving in one week, which will turn the good news into bad news.

Don't be discouraged. A sharp drop is not a general trend at all. After a drop and stabilization, it is a good opportunity to buy bottoms in batches. Sooner or later, the price will rise back up. The spot endures the temporary pain. Even if the exchange is not opened in the near future, the number of coins has not decreased. As for those who play contracts and blow up their positions, they really can’t go back! #bitcoinhalving #比特币减半 $BTC $BNB

Do not forget.

When everyone is afraid of the fall. You should buy the gains.

Discussions are welcome.