Recent market corrections have triggered a lot of panic, especially for new investors. The community is filled with different voices, leading many to feel confused about the future market direction.
So, how will the market move next? How can we determine if we have reached a bottom?
Since Powell's speech, the market has shown a clear weakness. Since Bitcoin broke through 90,000, we have experienced three significant sharp declines, and today's drop is the fourth.
The first three sharp declines have exhausted a lot of buying power, resulting in insufficient buying strength to support the market at this stage, instead leading to a downward trend after a period of consolidation.
This wave of movement may trap funds attempting to catch the bottom again.
From the perspective of Bitcoin's fundamentals, there have been no major changes; institutions are still continuously increasing their holdings, and the overall trend remains optimistic.
It is expected that Bitcoin will consolidate around 100,000, with no significant volatility in the short term. The current decline has not been accompanied by significant trading volume, but rather resembles a process of oscillation and consolidation, which can be seen as the market solidifying in this range to build momentum for the next wave of increases.
