Old Bao said that October is a defensive rate cut, and December may not necessarily see a rate cut. The market has already priced in a significant drop in the rate cut.

In this wave of Bitcoin's decline, I actually only see support at around 91,000 to 94,000 dollars.

If there is some irrational panic selling, then the lowest might be around 88,000 dollars...

I also do not believe it can drop directly to around 70,000 dollars in one go...

Currently, it seems that there is no need to panic too much above 88,000 dollars.

After all, it has already dropped more than 20,000 dollars from 116,000 in one go...

There is no straight-line market; even in a one-sided trend, energy accumulation is needed along the way, whether it is upward energy or downward energy.

Of course, the premise is at key support and resistance zones.

So, at the current price level, one can expect a consolidation and repair within a red circle.

However, this is likely not the end of this wave of decline.

It is obvious, as shown in the picture, I continue to see a bearish mid-term trend.

Good luck to everyone!!! #美股2026预测 #特朗普取消农产品关税 #加密市场回调 #山寨币市场回暖 #ETH走势分析 $BTC $ETH $BNB