Recent market corrections have triggered considerable panic, especially for new investors. The community is filled with differing opinions, leading many to feel confused about the future market direction.
So, how will the market move next? How can we determine if it has reached the bottom?
Since Powell's speech, market performance has noticeably weakened. Since Bitcoin broke through $90,000, it has already experienced three significant drops, and today’s decline marks the fourth.
The previous three drops have exhausted a large amount of buying power, resulting in the market currently lacking sufficient buying strength for support, instead exhibiting a downward trend after a period of sideways movement.
This wave of movement may trap funds attempting to buy the dip again.
From Bitcoin's fundamental perspective, there are no significant changes; institutions are still continuously increasing their holdings, and the overall trend remains optimistic.
It is expected that Bitcoin will consolidate around $100,000, with no violent fluctuations in the short term. The current decline is not accompanied by significant trading volume, but rather resembles a process of oscillation and consolidation, which can be viewed as the market solidifying in this range to gain momentum for the next wave of increase.
