Brothers, Bitcoin hits 95680 again

The reason for the sharp drop is still the Fed. The hawkish tone released by the Fed the day before yesterday exceeded expectations, causing a shock in the financial market. Powell said that subsequent interest rate cuts should be cautious. US stocks are also falling sharply. The next 1-2 weeks will be the stage of digesting this news.

So how much will BTC fall?

If we look at the K-line, it will develop that BTC has been trading sideways at a high level for 35 days.

And the bottom is getting higher and higher, until the black swan appears at the Fed meeting.

Because the 30-day purchase cost is above $90,000.

There is also an expectation that the United States will include BTC in its strategic reserves.

At present, the decline is almost enough, and the maximum decline is in the range of 88,000-91,000.

On-chain data shows that yesterday

BTC inflow to exchanges increased by 15,000

Most of it came from Binance, which increased by about 10,000

Coinbase is in an outflow state

At present, the Asian market is in a serious market crash,

The US market is still accumulating funds

It will fluctuate in the range of 95,000-98,000 over the next two days of the weekend

It will not rebound immediately, and it will take until the US stock market stabilizes next week and stops falling and starts to rebound

The impact of the Federal Reserve will be released for another 3-5 days

Don't sell the coins you currently hold, it is recommended to hold them and wait for a rebound

BNB, ETH, SOL, you can buy the bottom in batches.