$BTC dropped below 103000

Very likely starting with 9, looking down at 99400 99300

Short-term trend resembles a triangular fluctuation, feels like a direction will be chosen today, personally I think the possibility of breaking upward is greater!

Yesterday Powell spoke, and there was a key point, he said that every time there is an economic recession, the Federal Reserve averages a 500 basis point rate cut. He also emphasized that although the zero lower bound is no longer a likely scenario, measures to address risks must be retained.

Translated, this means: as soon as economic data shows recession, the Federal Reserve will definitely take decisive action, directly lowering the interest rate to 0%, or even introducing negative interest rates!

So there’s no need to worry about the economy, instead of worrying, it’s better to seize the opportunity to act when the time is right! Until a clear direction emerges, retain strength, and avoid blindly entering the market.