The drop before $BTC was a bit overdone, consistent with the expected trend. Last night, Powell released a signal of easing, which directly drove BTC to rebound quickly, forming a technical wave B.
However, it's important to note that Powell's dovish turn is a medium to long-term positive, but in the short term, it's just a stimulus from the news, and actual incremental funds haven't entered the market yet. Therefore, whether the rebound can sustain is still uncertain, and the risk of chasing highs at this time is still considerable.
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