The market in the past few days has been tough for everyone.

From the peak until now, Bitcoin has dropped by 10,000 points. Was it really just because of one comment from Powell that the market fell this way?

Of course not, it’s just that the big players took the opportunity to wash the market.

In previous articles, I mentioned that Christmas does not necessarily mean a drop. You can check the original text; my conclusions were drawn from data analysis, not just random talk.

Now, regarding the Christmas market, it has indeed dropped. A decline is part of investing, and we need to learn to endure it.

However, at this point in the market, there’s no need for excessive worry.

If I were the big player, I might also choose to wash away most of the retailers, taking advantage of Christmas and Powell's speech.

In the short term, the support level is at 92,000. I opened an ant position between 92,000 and 95,000 to conduct an experiment. If the market continues to decline, the next support level will be between 87,000 and 88,000.

The market is currently dropping significantly, looking like it might break below 93,000. However, I believe that this Christmas, there’s a higher probability that the market will oscillate between 93,000 and 99,000.

There won’t be excessively violent fluctuations.

But the possibility of downward fluctuations is a bit larger, like right now, so I opened an ant position to verify some investment theories.

Christmas is equivalent to our Spring Festival; the elites on Wall Street will enjoy life during the holidays, buying cars and houses and increasing consumption, just as we like to have some cash on hand to go home and play cards before the New Year.

So the market may continue to be sluggish for a few days; everyone just needs to hang in there.

At the same time, be prepared for the market to dip down to the 88,000 range.