The trend has not changed; it depends on the upward support trend line constructed from the low point of 86666 on November 15 in the four-hour chart.

As long as this trend line is not broken, it means that the short-term upward trend remains intact, even if there is a pullback of nearly ten thousand points.

A round of movement consists of different changes in multiple stages: rebound, oscillation, pullback; no matter how strong a bull market is, it cannot always move in one direction!

Currently, the overall upward trend of Bitcoin is good. Although this pullback has a large magnitude and intensity, it has not broken the support trend line on one hand, and on the other hand, it is also due to news factors.

However, whether the Federal Reserve raises or lowers interest rates will not affect the overall direction of cryptocurrencies; it will only have a real-time impact on short-term fluctuations.

The support on the four-hour line is at 98500, which is almost exactly the low point from this morning's pullback. For the short term, we should first pay attention to the support situation at this level. If it holds, Bitcoin will rely on this position to continue its rebound!