u1s1, whether BTC passes the Microsoft shareholders' meeting resolution has little to do with the sharp drop in the early morning; it started to decline at 11 o'clock, and the meeting only started at half past midnight. The drop began before the news of the resolution not passing.
A group of people who think they are smart are just analyzing things randomly after the fact to find reasons.
Even if it passes, it will still drop; the trend of decline has formed. With good news, what are the expectations for a rise? It has risen too much before, and a correction is due. This is the pattern of asset fluctuations, it’s the same everywhere.
95,000 is strong support, last night proved this point is very strong. I thought it would go to 90,000. Overall, I don’t recommend making a move right now; it’s better to wait another day. What if it goes to 90,000? 90,000 is a real bottom.
