In the late night, trader Li Ming closely watched the screen as the price of Bitcoin suddenly plummeted from $72,000 to $65,000. The Federal Reserve released 'hawkish' signals, combined with large amounts of BTC being transferred into a certain exchange, triggering panic selling, and leveraged long positions were liquidated. Li Ming quickly closed his positions and turned to observe on-chain data: whale addresses were buying against the trend, and institutional funds continued to flow into spot ETFs. He judged that the short-term pullback was dominated by macro sentiment, but the halving cycle and long-term technical support remained intact. The next day, BTC rebounded to $68,000, and he entered the market with a light position, closely monitoring the key support at $63,000. The market fluctuated between greed and fear, but he only trusted data and discipline.
Rising and falling logic: macro pressure triggered a technical pullback, but expectations of halving and institutional buying hedged against downside risks, intensifying the short-term volatility of long and short positions.
Can it rise above $110,000 next??
