It is very likely that there will be an interest rate hike

What caused today's significant drop? Facing the current market conditions, what should we do next?

At 7 AM today, BTC experienced a major drop,
let's find the reasons and countermeasures.

The main reason still lies in the policy front
1️⃣ The Bank of Japan is conducting hawkish rate hikes, which is bearish.
Interest rates have risen to the highest level in 17 years and hint at future increases.

2️⃣ This Thursday, which is the second day of our Lunar New Year, several particularly critical events are expected, prompting risk-averse funds to flee early.

On Thursday at 03:00, the Federal Reserve will announce its interest rate decision.

On Thursday at 03:30, Federal Reserve Chairman Powell will hold a monetary policy press conference.

On Thursday at 21:30, three crucial data points will be released: GDP, personal consumption expenditures, and PCE,

These data points will reflect the level of inflation and influence the direction of the Federal Reserve's interest rate cuts.

The Federal Reserve is expected to maintain interest rates on Thursday, marking the first pause in this interest rate cut cycle.

From on-chain data, there are no bearish factors.

1️⃣ Stablecoins are flowing into exchanges, which is bullish!
2️⃣ There hasn't been much change in BTC on exchanges.

Before Thursday, BTC may drop another 2% to the support level of $100,000, but after Thursday, a short-term rebound is expected as bearish factors are exhausted.

Due to institutional entry increasing BTC positions, Trump’s favorable policies are still ahead, and the long-term outlook remains bullish, but in the short term, we must withstand the bearish influence from the uncertainty of U.S. inflation.

When will altcoins see their spring?
1️⃣ BTC rebounds and breaks new highs.
2️⃣ Trump introduces favorable policies for cryptocurrencies.

Currently, this is just a washout; the bull market is still on. Buy the dips and build positions, focusing on quality coins with strong anti-dip capabilities!
For example: BTC ETH SOL BNB LINK AVAX
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