Despair yarn, the Federal Reserve has always viewed Bitcoin as a commodity, which has long been announced.

After a sharp drop, most people are exhausted, both physically and mentally. Yesterday in the group, there was really a lot of crying and shouting, with many saying they wanted to die. Some time ago, everyone was talking about how great the bull market was, but yesterday many cursed, saying the bull market is dead, and they are burning incense for the liquidated positions.
Indeed, the operators took advantage of Powell's words to create a massacre, which was originally not bearish but was guided by the operators' news, turning from bullish to bearish, and they added fuel to the fire. In the first half, there was a substantial drop, and in the second half, they pulled the rug out from under us and entered the market to buy the dip.
Yesterday’s panic saw the Trump family heavily buying ETH around $3500. Decisions are often made based on positions; born a businessman, how could one make a losing trade? With the president openly entering the market, he has already informed everyone that after he takes office, the stock market will soar, and the crypto market will rise as well.
As for us retail investors, we are all destined to be slaughtered, chasing highs during surges and cutting losses during sharp drops. I have been constantly reminding everyone to enter the market in batches before and during this massacre. Do not panic, and rationally buy the dip. During this period, entering during the downturn is the opportunity for this bull market, the last chance to get on the bus during this correction.
Currently, from the pattern, BTC has broken below the strong upward trend line, but from yesterday's candlestick pattern, there was a large amount of capital entering to buy the dip and protect the price. It has not effectively broken below the life line and still maintains a bullish structural pattern. Just keep an eye on whether the life line is effectively broken. The current support is around 97000-90500.
On the four-hour level, the MACD golden cross indicates that the short-term has stabilized. There is resistance around 100135 above, and support near 95555 and 92614 below. One can go long with a small position, setting the stop loss at the previous high, or take a small short if there is a bounce to the resistance level. Recently, it should be a sideways consolidation market.
From the Nasdaq pattern, it has completed this wave of downward movement. Every time it bounces off the life line, it will rise again, and the crypto market will also rebound accordingly. Therefore, I suggest that those who entered the market yesterday can take a stop-loss position at the current price. Spot traders can hold their coins for a while.
In fact, many altcoins have completed this phase of washing out, clearing leverage and floating profits, and re-entering the market. This circle operates this way; both rises and falls have cycles. When it's crazy, danger is approaching, and when there's fear, it's an opportunity to make money. Yesterday, I asked, did you buy the dip or cut losses and leave the market? $BTC #加密市场回调 #萨尔瓦多增持BTC