Bitcoin plummeted around 4000 points early in the morning, and the altcoins hit a new low again (breaking the previous low point)
In fact, whether it's the Federal Reserve or Powell, they are just catalysts for technical adjustments
On December 10, I predicted several points
1. December is the overall harvesting of profits and high-level positions being trapped, leveraging and liquidation
2. January will start with fluctuations
3. February, during the New Year, will maintain a bullish trend
Including yesterday, I made another prediction
There may be a third clear spike, or it may decline slowly, the third option is a direct surge, but the probability is very small
However, this does not mean we should go short directly; we should be more observant and wait
At the same time, at this point, it is still not confirmed as a bottom; we still need to wait for Bitcoin's trend, at least until tomorrow's Bitcoin closing to analyze the K-line structure and draw conclusions
Those with bullets should not rush to catch the bottom; do not compete with the big players for chips; wait for the pattern to emerge and the right side structure to form before looking for opportunities
Friends who have been following me for a long time should know that I record review videos every week to summarize my trades, including discussing some turning points in Bitcoin's rhythm, and I hope everyone can learn together. We do not seek to make a lot of money, just to lose less and enjoy the scenery along the way