Continue, it's just the beginning

#美联储放鹰
$BTC


The heavens do not fulfill human wishes！！！
In matters of the world, things rarely go as desired. Last night, I thought the interest rate cut would have an impact, and Bitcoin surged again to 107200, then crashed. Unexpectedly, the rate cut did not lead to a rise and brought it down directly. I couldn't place my order, and the feeling of missing out is really unpleasant！！！
There are two important signals: first, Powell stated that the U.S. government does not allow Bitcoin to be used as a reserve currency; second, the U.S. may slow down interest rate cuts next year. Not only the crypto space is heavily impacted, but also silver, gold, futures, U.S. stocks, and other risk assets have plummeted! The expectations for a bull market have to be postponed. Since a bearish trend has already emerged, every rebound during the decline is a good opportunity to short. The short-term strong support remains at 99600; if it breaks below, we will look at the vicinity of 91000. I hope the retail investors don't get too carried away and manage their positions well.
During these extraordinary times, it is recommended to focus on right-side trading.