The market is closely watching Powell's speech tonight:

The recent continuous decline of Bitcoin has dragged down the entire cryptocurrency market. BlackRock has recently sold 1,885 BTC and 59,606 ETH. My personal judgment is that Bitcoin may first drop below 111,900 to complete a stop-loss action, and only then will it have rebound momentum.

If Bitcoin shows a short-term stabilization signal around 112,000, one may try a short-term long play for a false breakout, aiming for around 114,500, but strict stop-loss measures must be in place. After the rebound reaches its target, the bearish outlook remains, especially when the weekly MACD confirms a death cross and forms a top divergence, the subsequent trend is likely to continue downward. At this moment, not reducing positions may very well turn one into a high-level buyer in this round of market.

When to enter, when to exit? How to catch strong coins? How much to set for profit taking? Sister Shisan will inform fans on Shequn at the first opportunity, as long as you follow my thoughts and execute what I say, you will definitely profit! #加密市场回调 #ETH质押退出动态观察