So how will the market develop next, and what are the initial signals for a stop in the decline:

Since Powell's speech today, the market has been weaker than expected. Since surpassing 90,000, there have been three rapid declines, and today's is considered the fourth.

It can be said that the previous three rapid declines consumed a large amount of buying power, so after this rapid decline, there hasn't been much buying power seen in the market. Instead, there has been a gradual decline after a sideways movement, which effectively buried another wave of bottom-hunting funds.

In terms of Bitcoin, there hasn't been any significant change in fundamentals, and institutions are continuously increasing their holdings. It is expected to consolidate around 100,000, and in the long term, it should continue to rise. The ongoing decline is also without volume and can be viewed as continuing to consolidate in this range. All increases must be solidified before moving to the next step.

A strategy of buying heavily on large drops, buying lightly on small drops, and not buying at all when there’s no drop can be used to gradually pick up low-priced chips.

The current market situation is that Bitcoin and Ethereum have support from spot ETFs and traditional large capital, with a considerable amount of buying power below, so they won't drop much.

Currently, potential coins to bottom-hunt: ONOD, AAVE, SOL, LINK.