Last night, $BTC suddenly plummeted, and I was a bit confused! What happened? Why did it suddenly crash? Post-analysis:

1. On the news front, it seems the chances of interest rate cuts next year have decreased, which is probably the reason that caused the market to suddenly collapse. Various cryptocurrencies are diving. It was doing well during the day, even stabilizing at 100,000 USDT, but then before I went to sleep, it just fell apart, really!

2. On the technical front, the daily chart hit the upper Bollinger Band, which is a small resistance level.

What will happen next?

I believe the overall market environment and fundamentals haven't changed, and many institutions have bought Bitcoin. Based on this, I hope, and also believe, it can stabilize at 100,000 USDT again, and even make a push towards 110,000 USDT.

For now, we can only wait. If it's a contract, consider reducing the leverage and position size; for spot trading, it's better to hold.

There shouldn't be a big problem, although I'm not particularly certain. But the fundamentals haven't changed, so expectations won't change either. A little wash is healthier; it feels like the market is being manipulated by an invisible hand.