Today the market has plummeted again, making one feel like their heart is being sliced open, but this is not the worst of times; the more desperate situation is yet to come!
The day before yesterday, Powell from the Federal Reserve mentioned interest rates and casually noted that the Federal Reserve does not consider Bitcoin as a reserve; fiscal policy needs to be more rational.
This clearly tells us that the possibility of interest rate cuts in 2025 might be off the table, or it might just be a tiny cut. Upon hearing this, the stock market and the crypto market immediately collapsed.
In fact, what everyone is panicking about is not what Powell said, but rather that the US stock market and crypto market are both at high levels. Those big players and Wall Street tycoons took advantage of Powell's news to severely cut down on us retail investors.
To put it bluntly, the Federal Reserve is there to serve the United States and those capitalists and wealthy individuals. The stock market and financial markets are places for them to make money, relying on this to maintain the country's operation.
So those big players will secretly pull strings, quietly harvesting the retail investors, and then shift the blame onto Powell, so that the retail investors will fall for it next time.
Now looking at the BTC trend, after two days of large bearish candles, it has fallen below the upward trend line. The moving averages and MACD have both crossed downwards, and the signs of a correction are becoming increasingly obvious.
If it breaks below 96,000, then 90,000 for BTC will be just around the corner. Right now, it is facing pressure at 101,135, with support below at 96,000 and 90,000.
Looking at the three-day trend, the MACD has crossed down; it surged so much before, and now the correction is quite significant. The risk may arrive a bit later, but it will definitely not be absent. It might even drop to 85,000.
The risk is not over yet, so when buying the dip, do not go in heavy.
This time of decline, we need to be brave and buy in batches. Be patient and wait for future opportunities.
This correction might be the last good opportunity to buy the dip in a bull market. Although it feels anxious, make sure not to miss out.
As for the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, expecting a space of more than 10 times is definitely not a problem. Like + comment, and I will take you through the entire bull market layout!
