Low multiple still suggests building positions at 112000-111000
The rise from 70,000 to 120,000 was not due to interest rate cuts
Regarding tonight's speech, the bearish sentiment has already been digested in advance. When has the market not completed its move before news comes out? Therefore, Shiyu expects that even if it drops, it won't drop too much!
A correction after a significant rise is normal. The M top has not yet been established. Even in the worst-case scenario, there is strong support at 108000, so we can also set up long positions here.
So manage your position well, set your stop-loss, and don’t fall before dawn!$BTC