The trend of Bitcoin has not recovered the lost ground as I expected. Before Old Powell's speech, it remained above 100,000, but in the past couple of days, due to an emergency risk-off decline, it hasn't bounced back and has been fluctuating around 97,000, still quite a distance from 100,000.
Of course, this might also be due to it being Friday, and the reduced trading volume in the Asian and American markets makes the trend somewhat sluggish, which is understandable.
Currently, most users above 100,000 are panicking and fleeing. There are also quite a few discussing Bitcoins starting with 7. In the heat map, it can actually be seen that the support above 90,000 is still very solid, so a drastic drop below that level seems unlikely.
However, next week is Christmas, and it's not to say that the market will drop during Christmas; it's just that the trading volume and liquidity are low, making it easier for 'black swan' events to occur. Today, we'll still observe the situation with the closing prices later, as this will provide some guidance for the weekend's trend. Let's see what the foreign investors' reactions will be like.
