The recent pullback in the market has caused many people to panic, especially novice investors. They heard many different opinions in various community groups and were confused about the next trend.

So how will the market develop? What are the initial signs of stopping the decline?

Today's market has been unimaginably weak since Powell's speech.

Since the current price stood above 90,000, it has experienced three relatively sharp declines, and today's time can be counted as the fourth time.

It can be said that the previous three sharp declines have consumed a large amount of buying power. Therefore, after this sharp decline, there was no significant influx of buying orders on the market. Instead, there was a negative trend of decline after sideways trading. This undoubtedly once again caused the market to decline. The bargain hunting funds are in deep trouble.

As far as Bitcoin is concerned, there have been no major changes in its fundamentals, and institutions continue to increase their holdings.

Its price is expected to consolidate near 100,000. From a long-term perspective, the price still has an upward trend.

The sluggish trading volume during the continued decline can be seen as a sign of continued consolidation within this range.

After all, all price increases need to have a solid foundation before moving to a new stage.

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