#Gate广场圣诞送温暖 Old Bao said that October is for defensive rate cuts, and December may not necessarily have a rate cut. The market has already realized the significant fall in the rate cut.

The fall of Bitcoin in this wave, I have only seen support at 91,000 to 94,000 dollars.
If there is a bit of irrational panic selling, then it should be around the lowest near 88,000 USD...
I don't think it can fall directly to the support near 70,000 dollars in one go...

Currently, there is no need to panic too much as long as it stays above 88,000 dollars.
After all, it has already fallen more than 20,000 dollars from 116,000 in one go...
There is no straightforward market situation; even in a one-sided trend, it is necessary to accumulate energy along the way, whether it is energy for an upward movement or energy for a fall.
Of course, the premise is in the key support and resistance zones.

So, near the current price, a fluctuation recovery within a red circle can be expected.
However, this is likely not the end of this round of fall.
It is clear that, as shown in the picture, I continue to fall in the medium-term trend.