BTC Evening Insights:

Why did it suddenly drop?

Don't force yourself to find reasons for the drop; a market decline doesn't need any excuses.

There hasn't been a significant correction from 60,000 to nearly 100,000, so isn't it hard to accept a 10,000 point drop now?

Is your thinking pattern that Bitcoin can only go up without ever going down?

Then you might as well go your own way.

Is there any market trend that only goes up and never down? Don't go searching through various news articles to find reasons for the decline; the answer you wish to know is already presented before your eyes.

According to the chart: When Bitcoin rebounds to 96,000, a short position can be taken; the previous support level has been broken and has now turned into a resistance level.

If it breaks below 95,000 with volume, a short position can be taken lightly; make sure to set the stop loss as indicated in the chart.

Investors looking to go long can pay attention to the area around 93,600; at this point, a small long position can be taken, but if it breaks below 96,000, a stop loss must be set. Left-side trading orders should be operated with light positions.

In a downtrend, there is no exact bottom. The situation after the U.S. stock market opens is still uncertain.

Prudent investors can wait until the U.S. stock market opens before making decisions.

Remember to set stop losses, set stop losses, set stop losses.