Every time there is an important event, the probability of a drop the night before is high. Smart people choose to hedge and wait until it's over before entering the market. This Friday's speech by Powell is crucial and will determine the market direction.

Currently, there are no bottom signals in the technical patterns, but rather a hint of a peak. Additionally, last week's K-line closed poorly; Bitcoin surged to 118,500 last night but did not continue, so it's best to take profits.

However, after this Thursday, the probability of an increase will be very high. After stabilizing from the pullback in the past two days, we will close our short positions. Then we can enter our trend long positions, and Bitcoin will reach new highs again.