BitEagle 🦅12.20 Accurate Market Analysis @Everyone

Good morning, brothers. BTC fell again last night.

What is the core reason? Is there still hope for the bull market?

The reason for the sharp drop is still the Federal Reserve.

The hawkish level released by the Federal Reserve the day before yesterday exceeded expectations.

It caused a sharp shock in the financial market.

Powell said that subsequent interest rate cuts should be cautious.

The US stock market is also falling sharply.

The next week is the stage of digesting this news.

So how much will BTC fall?

If we look at the K-line, BTC has been trading sideways at a high level for 30 days. The bottom is getting higher and higher until the black swan event at the Fed meeting. Since 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. It has fallen almost to the bottom. The maximum drop is $88,000 (30% probability). On-chain data shows that yesterday, the inflow of BTC into 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 absorbing funds. It may fluctuate around $94,000-$98,000 in the next few days. It will not rebound immediately. It needs to (1) wait for the US stock market to stabilize next week and stop falling and start to rebound. (2) The impact of the Fed will be released for another 3-5 days. Do not sell the coins you currently hold. It is recommended to hold them and wait for a rebound. BTC, BNB, and Uni can all be bought in batches.