If Bitcoin can't handle being summed up in one sentence, then Bitcoin itself is the biggest joke 🤔
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Powell's remarks were like a boulder thrown into a lake, instantly stirring up layers of waves, plunging the entire cryptocurrency circle into an endless abyss. Originally, the announcement of U.S. interest rates was like a ray of dawn, bringing some hopeful news. However, half an hour after the interest rates were announced, Powell's speech was like a heavy bomb—'We do not allow the holding of Bitcoin.' This simple statement instantly evaporated the wealth of many investors, resulting in heavy losses, and the cryptocurrency circle was thus shrouded in gloom. In the wake of this black swan event, the market seems to be in trouble, but in reality, it hides opportunities; this may be the best entry point before the next bull market begins. As I pointed out in a previous article, the market before Christmas often struggles to show a strong upward trend. Historical data shows that during this time each year, the market is mostly characterized by a downward trend or a volatile 'flea market' pattern. The truly grand market movements are likely to gradually unfold between February and April next year, at which point the market may welcome a grand celebration, offering substantial returns to prepared investors.
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