Market analysis: Although the Federal Reserve has reached the end of raising interest rates, they have made it clear that they will continue to maintain high interest rates until 2024 and will not cut interest rates on a large scale. The market is stagnant and continues to be bearish. Returning to the Bitcoin K-line, BTC is still in the B wave adjustment range of 25,200-28,000 US dollars. However, today the daily line once again fell below the EMA20 daily line support of 26,500 US dollars. This is not a good sign and indicates that 25,200 will be tested again in the near future. Supported by the US dollar, after falling away from the adjustment range of 25,200-28,000 US dollars, the trend will start a C-wave decline, with the target still being 22,000 US dollars and 20,000 US dollars. This is a matter of time.