Today's market analysis. The negative news from yesterday had a significant impact, causing the US stock market to crash completely. It did not test the 102000 level, but directly dropped to the lower 98500 level for testing. The influence of news is quite substantial, but overall, Powell has never had much of a favorable view towards BTC. This is generally within expectations, mainly driven by risk-averse sentiment. Personally, I don't have much thought about shorting.

If by the end of this Friday, the overall market cannot continue to return to the Fibonacci 0.618 level near 104300 and stabilize above 102200, the overall market will mainly be in a bearish state. The next target will be 95000. If the above expectations can be met, we can continue to look bullish.