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 decline in the rate cut.

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

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

I also don't think it can drop straight down to the support near $70,000 in one go…

Currently, it seems that there is no need to panic too much as long as it stays above $88,000.

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

There is no one-step market; even in a one-sided trend, energy needs to be accumulated along the way, whether it's upward energy or downward energy.

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

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

However, it is very likely that this is not the end of this round of decline.

It is clear from the chart that I continue to see a bearish mid-term trend.

Good luck to everyone (^.^)Y Ya!!

BTC

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。