Why did it still drop despite the favorable news?

At three o'clock in the morning, as soon as the news of the Federal Reserve's interest rate cut came out, it began to plunge. Powell stated that the Federal Reserve does not allow the possession of Bitcoin, and whether the U.S. government should have Bitcoin is a decision for Congress. As soon as this news broke, it started to drop rapidly...

Yesterday, there was a sense that if it goes up, it would clear the shorts' leverage. However, everyone knows that if it goes up again, it would not be worth the risk, which would allow the retail investors to profit, so it just dropped directly. Everyone saw the drop and started to buy the dip, but for the big players, the low point is determined by them, and the retail investors can only keep averaging down until they are completely wiped out...#超级央行周 $BTC