The recent or upcoming deep correction of $BTC . After more than 20 days of continuous rise and an increase of over 23000 points, the current upward momentum has clearly weakened, and there is a strong demand for adjustment in the technical aspect.
It is expected that the correction in this round may be around 10000 points (currently near 98000 may drop to the 88000 range), but the decline will not be immediate; it will be accompanied by fluctuations as bulls and bears repeatedly contest support levels.
Key attention should be paid to the Federal Reserve's interest rate meeting on May 8: if it releases negative signals, it may exacerbate the decline;
If there is a hint of interest rate cuts, the market may reverse.
However, regardless of how the news evolves, the demand for a technical correction already objectively exists.
From an operational perspective, two key points can be grasped: if Bitcoin re-establishes above the 97700 line, it can be seen as an opportunity to short at high levels;
If it stabilizes around 95000 after a pullback during the day, then a short-term long position can be attempted to bet on a rebound, with the core strategy revolving around 'short at high levels, long at low levels.'
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