BTC: Spiral Decline to the Bottom

1) From the perspective of trading volume, the volume is diminishing, and it is highly probable that we will see a decline to build a base for future momentum, which is necessary for reaching new highs and further advancement;

2) In terms of institutional funds, there has been continuous net outflow from spot markets over the past month; net inflows into ETFs are decreasing;

3) The Federal Reserve's interest rate cuts have been postponed until the end of the year, with no positive news in sight;

4) Personally, I predict the bottom to be around 90,000, but it will be very difficult and not smooth for BTC to drop down to 90,000.