Last night, BlackRock continued dumping, as the Fed's meeting minutes directly led to Bitcoin hitting a new low. However, the market quickly rebounded and is currently hovering around 92,500. Although there has been a recent large-scale short-term sell-off, the price of Bitcoin has received strong support around 90,000 USD, which is beyond doubt. Tonight there will also be US Non-farm Payrolls (NFP) data. Regardless, a rebound after the panic selling of Bitcoin is certain to come, and at that time, we will plan the next steps based on the strength of the rebound. Currently, BTC shows a strong willingness to rebound from any perspective, so leave it to time. Even if you want to exit, you should wait for the rebound, not now.

Currently, it seems that there's no need to panic as long as we remain above 88,000 dollars, especially since we've already dropped over 20,000 dollars from 116,000 in one go. There is no market that goes straight to the target; even in a one-sided trend, energy accumulation is needed, whether for upward or downward movement. Of course, this is predicated on being in a critical support and resistance zone. So, at the current price level, we can expect a consolidation and recovery.

BTC-7.32%

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EverythingIsGood.

· 13h ago

Steadfast HODL💎

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DignifiedFather

· 17h ago

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Ilovexing