How will the market develop next? What are the initial signals for a stop in the decline?

Today's market performed even weaker than expected after Powell's speech. Since Bitcoin broke through 90,000, it has experienced three rapid declines, and today's drop is undoubtedly the fourth. This time, the previous three rounds of rapid declines have consumed a lot of buying power, resulting in not seeing much buying support after today's sharp drop; instead, there has been a gradual decline after a period of sideways movement. It can be said that this wave has buried those funds that tried to catch the bottom.

However, the fundamentals of Bitcoin remain solid, with institutions continuously increasing their holdings. It is expected that the price will consolidate around 100,000, and in the long run, it is still upward.

The current continuous decline has not seen much trading volume, which can be understood as the market consolidating and preparing for future upward movements. All upward movements require solid foundations after consolidation to go further. If the price can pull back below 100,000, it may be worth considering entering the market in batches, with a target price around 85,000.

As for Ethereum, its recent weakness has exceeded my expectations. It not only followed Bitcoin's decline but even fell more sharply than Bitcoin. It really lagged behind during the rise but has dropped more aggressively during the decline. However, due to relatively small profit-taking, the potential for a rebound in the future may exceed that of Bitcoin.