The Federal Reserve's speech early in the morning leaned hawkish, and it may only cut rates twice next year. This is just a 'possibility'; the specifics still depend on changes in inflation data. The market interprets this as bearish. This bearish sentiment is a temporary impact, generally digestible by the market within 24-36 hours.

In the early morning, BTC retraced to the daily Bollinger middle band around 100k. If bearish news is released, it will at least retrace here, which was within last night's prediction range. If ETH breaks below 3828, it will directly retrace to around 3660, as mentioned yesterday. When significant information is present, we do not consider the intermediate support points of 3772 and 3742; however, rebounds can serve as reference points for taking profits.

During the day, BTC needs to repair the small-level indicators below 30 minutes, and resistance is temporarily seen at 102300. Below 100k, 99200-98800 is a first-line support level, also the bottom buying point from last Sunday, which can still be supplemented.

When encountering such significant information, here are a few points to consider:

1. Do not let the proportion of low long positions and pending orders exceed 15% of the account funds;

2. Set stop-loss at breakeven for positions in floating profit to prevent the profit target from being unreachable and possibly turning floating profit into floating loss due to bearish news;

3. If it breaks below the defense points, reduce the position margin to 10-15%, allowing for replenishing positions at a lower price to lower the average cost.

Some people think about cutting losses at the slightest loss in low long positions, which is the worst strategy. It's essential to know that many people currently have short positions stuck between 90000-78000, and they have held on for over 40 days. Who doesn't want it to drop to 80k or 70k? However, the bullish trend has not ended.