Will Bitcoin fall below $90,000 again?

Is this drop considered a second hit? If we only look at the 4-hour chart, Bitcoin not breaking the new low is considered a second hit;

I’ve been waiting all day for the second hit to confirm the bottom, but it’s just been dragging on. Currently, the market is very weak, so weak that it reminds me of something I heard when I first learned technical analysis: in a bull market, if there’s a rapid drop that doesn’t quickly recover, it’s very likely to hit a new low!

Today several friends asked me: will Bitcoin drop below $90,000 again, or even between $80,000 and $85,000? I said I’m not too sure anymore because altcoins have dropped too badly this time; if Bitcoin goes to $85,000, altcoins will definitely be crushed!

But the market does not change according to human will. Tomorrow at 21:30, the U.S. CPI data will be released, and on Thursday at 21:15, the European Central Bank’s interest rate decision will be announced. These are the two recent financial events, and there’s also a potential black swan event: the situation in Syria. Israel has already sent troops into the capital of Syria; I don’t know what kind of chain reaction this will trigger?

One thing I can confirm now is: dare to buy when it drops. I have already bought in 3 times, almost at 70% position. So, a man’s heart is as firm as iron. Now I would rather be trapped than miss out!

I believe that right now, there is gold everywhere. After a year or so, the current rise and fall on the K-line will all look like a straight line. If my understanding is wrong, then I accept it; after all, investment is the realization of your understanding!

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