When will the tug-of-war between bulls and bears end? Old Powell watches the excitement next to him.

Last night, Bitcoin was pressured down to the lowest point of 98,800 due to the interest rate decision. From the current technical trend, Bitcoin is falling faster than expected, representing a swift move by the bears. Once the bears have quickly moved down to their target, it also means that in the short term, it will enter a range of oscillation around the midpoint of 98,000-108,000. After the negative news is fully priced in, there is almost no space below in the short term.

In the morning session, it tested the support at 98,800, completing a weak to strong transition at the low point. Next, it will rely on 98,000 as a short-term support area to rebound again. Therefore, after the bears have quickly moved down, it is not advisable to continue shorting or being bearish in the short term. The importance of 98,000 was also emphasized in the morning, and it is expected to continue rebounding over the next couple of days.

Currently, the market is certain to sweep, but the space is uncertain. At least since October, it has been like this: how much it rises, how much it falls back, then how much it falls, and how much it rises back. So in the next couple of days, seize the opportunity to buy low on the pullback. We will continue to focus on the support near 98,800; the lower the position, the more confidence in holding positions!

Time correction, steady rise, or space correction, deep squats confirming support for further increases.

As for Ethereum, let's lower the target a bit and see if it can reach around 3,500 this evening. If it hits the 3,520-3,500 area, we can go long and look for 3,700-3,800!

A new beginning starts from holding low. Once the low is held and the high is broken, we look for acceleration, gradually seeking the previous turning points!