Once it drops, there will always be a group of post-event experts analyzing and summarizing the reasons for the drop. Technical analysis only looks at the 'trend'; when the trend is established, any news merely acts as an accelerant, not a cause. Reversal is very difficult; going with the trend is sufficient.

After the price of $BTC fell below the daily EMA99 line, it has struggled to recover, and all moving averages have turned downwards, indicating a downward trend. I maintain a bearish view until it is below 65000. Of course, this process may be quite volatile. The day it can stabilize above the daily EMA99 line will be when I am proven wrong. I won't be sarcastic after a rebound; I'm focused on the daily chart while you're looking at intraday movements, so don't pay attention to me, as the cycles are different.