The Federal Reserve's speech in the early morning was hawkish, and it may only cut interest rates twice next year. This is merely a "possibility," and it will depend on changes in inflation data. The market interprets this as bearish. This bearish sentiment is a temporary impact, generally to be digested by the market within 24-36 hours.

In the early morning, BTC retraced to the 1-day Bollinger middle line around 100,000. If bearish news is released, it will likely retrace to this level, which was within the predicted range from last night. If ETH breaks below 3828, it will directly retrace to around 3660, which was also mentioned yesterday. In significant information scenarios, the intermediate support points of 3772 and 3742 are not considered, but rebounds can be referenced as take-profit points.

During the day, BTC needs to repair the small indicators below 30 minutes, with resistance temporarily looking at 102,300. Below 100,000, 99,200-98,800 is a key support level, which is also the bottom point from last Sunday and can still be supplemented.

When encountering such significant information, a few points to consider:

1. The ratio of low long positions and pending orders should not exceed 15% of the account funds;

2. For positions in floating profit, set a breakeven stop loss immediately to prevent the profit target from being unreachable and to avoid a possible bearish retracement turning floating profit into floating loss;

3. If the defensive point is broken, reduce the margin of the position by 10-15%, allowing for a lower price to average down.

Some people think about cutting losses at the slightest loss in low long positions, which is the worst strategy. It's important to know that many people are stuck in short positions between 90,000 and 78,000 for over 40 days; everyone wants it to drop to 80,000 or 70,000. However, the bullish trend has not ended.