Why did Bitcoin drop sharply by 7000 points?

Today, Bitcoin dropped to 92300 and showed a correction. Actually, there's no need to worry; a partial correction is normal. The support level is still at 92000, and even if it falls below 92000, there is still a strong support level at 90000. The next market movement could either be a continued decline or a rebound and consolidation.

It has been a while since it broke through the 100,000 barrier, and a downward movement is still considered normal. It would be strange if it remained at such a high level without any drop, and overall the big trend is still positive. A large amount of capital continues to flow into Bitcoin and Ethereum, and there is also a rate cut benefit coming on the 18th of next month.

Ethereum has already started to gain momentum. Although it's not as strong as the last time, we can observe that the retracement of Ethereum is limited, and the downward support level has not been broken. It keeps pushing upwards, creating a good relay state with Bitcoin, allowing us to level up in this bull market.

Let's analyze today's trading strategy; it might take a little longer, so please don't rush, everyone.