Will Bitcoin continue to lead the market into a big drop? Is there another decline ahead?

After the significant drop in Bitcoin, various negative interpretations have emerged, such as:

The U.S. government has been authorized to sell 69,370 BTC;

The Federal Reserve may delay interest rate cuts again, or even pause rate cuts for a long time;

There are even widespread claims that Bitcoin dropped before Trump took office and rose after he took office, as a measure of his achievements;

In fact, the most important issue right now is this: there is too little money in the market! It cannot support a sustained surge in Bitcoin, nor can it flood the market to support the arrival of altcoin season -- which was the basic logic of the previous halving bull market!

So the question becomes simple: ultimately, it comes down to how the Federal Reserve will approach interest rate cuts in terms of path and magnitude?

Other reasons are just surface-level issues. The Federal Reserve's monetary policy meeting will take place at the end of this month, and it will be the first one in 2025, as well as the first since Comrade Trump took office, destined to attract widespread attention!

Saying all this is meant to help fellow crypto enthusiasts discern between true and false market information. I have always told everyone the underlying logic, hoping that those who see it can gain something, and not just those who shout orders.

To answer the initial question: the probability of another decline is increasing, so where will Bitcoin drop to?

Yesterday, a poll was conducted with 1,899 participants, setting a record, indicating that many people in the market are paying attention to this matter. The results are as follows:

$91,000-$92,000, 34%; $88,000-$89,000, 26%; $79,000-$80,000, 40%; these three price levels are also the three target levels I believe in;

Currently, the weekly and monthly charts for Bitcoin look quite poor, but now is not the time to rely only on technical analysis; otherwise, Bitcoin could potentially see $75,000;

From yesterday's survey, it seems likely that Bitcoin's last drop will likely touch around $88,000!

We can understand this from the perspective of market manipulation: if there is no sharp drop, the bulls will stubbornly buy at the bottom, making it difficult to shake out positions and leverage, and if the drop is too deep, the bears will be satisfied, which will hurt market sentiment and take a long time to recover!

Therefore, there is a high probability of another sharp drop in the market. I hope everyone remains vigilant, especially those trading contracts, and set proper take-profit and stop-loss levels; do not hold onto losing positions!

Since this past Monday, I have almost become the head of the bears! But I just hope everyone is prepared for a significant downturn, and not to be caught in the cycle of price fluctuations where the price doesn't change, but the positions are gone!

Wishing everyone financial freedom by 2025!