A drop of 10,000 points! Is the Bitcoin bear market coming again? How low can it go? Let's take a look together～

1. Just like shown in the chart, the downward pressure on Bitcoin is still very strong! In about a week, the Federal Reserve definitely won't cut interest rates, so we're just waiting for that. Before the meeting, the price is likely to keep falling. So when is the right time to short again?

2. Currently, Bitcoin's resistance levels are at 9.07 and 9.16. As long as it hits these levels, you can short for a quick profit from a small pullback. If you haven't set up long-term shorts before, you can also start gradually in batches now.

3. If you've already shorted at 9.8 before, wait until Bitcoin drops to the support levels of 8.7-8.8K, then consider taking partial profits. Hold the rest and wait until the Federal Reserve meeting ends.

4. Actually, I've explained the influence of the Federal Reserve on price movements five or six times in recent weeks—because the Fed isn't cutting rates, the price will weaken as the meeting approaches. I also mentioned early on that I would start building short positions two weeks before the meeting, which is around the 14th, and at that time Bitcoin was exactly at 98K—no mistake!

5. So this rally before the rate decision is really a golden opportunity, giving us such a high entry point! The short-term drop has already been 10,000 points, so a small rebound is expected. If it rebounds to around 9.07 and 9.16, I will short again for some quick play.

6. I'm still quite satisfied with this month's profits. As seen in the chart, I've already made 10W (100,000), and some positions are still holding without taking profits. The risk-reward ratio is 10:1, and the win rate is about 90%, similar to last month. Let's keep going, treat every operation seriously, and stay steady and cautious~