🔥$BTC 🔥

Plummeting by 10,000 dollars — what bearish data is there? It’s just that a pullback needs a reason!

Let me explain slowly

We can think about this news from two aspects

First: From an overall interest perspective, Trump hasn't taken office yet, but there are always opportunists. Aside from Powell, who knows he can't be the SEC chief and spread the unsupported legal stance on Bitcoin, others still have to consider future developments. If the Justice Department is indeed looking to take down the bull at this stage, there will naturally be people stepping in to stop it. After all, the current “DOGE” government efficiency department has already been established, which can confirm that Trump is indeed implementing his cryptocurrency theory. So just keep your mind at ease.

Second: From an efficiency perspective, Trump has 11 days until he takes office. Given the level of “freedom” in America, it is impossible to deal with such a large volume of Bitcoin in such a short time. Even handling a small part is very difficult (after all, there is no demographic dividend there; they have to clock out). To take a step back, even if the Justice Department is determined to sell, the proposal must go through multiple meetings for approval before Trump takes office. The proposal will be re-evaluated — submission failed; after all, the Justice Department is also part of the government. So just keep your mind at ease.

Looking at these two points, this is just a pullback needing an excuse. This wave of pullback is not over yet, and subsequent Bitcoin views will be discussed in the market analysis.