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Powell's speech triggers a sharp drop, Bitcoin tests the 90,000 support again!!

Since Powell's speech today, the market has been weaker than expected!!!

Since breaking above 90,000, we have already experienced three rapid declines!!!

Today's drop counts as the fourth, and it can be said that the previous three rapid declines consumed a lot of buying power,

So after this drop, there hasn't been much buying seen in the market, instead, we have seen a downward trend after consolidation, which has buried another wave of bottom-fishing funds. Therefore, it will be relatively difficult to regain strength in the short term.

The best-case scenario for Bitcoin is to rebound to around 103,000, while Ethereum is around 3,800.

The weakness of Ethereum has exceeded my expectations; it not only follows Bitcoin down but even lags behind Bitcoin's exchange rate. It truly missed the ride when it was rising and has fallen even more aggressively.

However, since the profit-taking is relatively small, the rebound momentum in the future may be greater than that of Bitcoin.

The Asian market is waking up quickly; the rebound momentum will be handed over to the Asians, as the main players are still in Asia before Christmas. We will break down the market strength and weakness in detail according to the situation then.

Powell is giving no face to Trump at all; while the king of understanding sings East, he sings West, and there are still good shows to watch later.

The hawkish Federal Reserve press conference has ended; your accounts have probably been wiped out again, right?

Indeed, the market has chosen to first liquidate the longs around 100,000, and the shorts must be cautious now, as 1 billion in short fuel has already accumulated within a day before reaching 110,000.
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