Speaking of my opinion, in fact, after the first fall below 106,000, Bitcoin has already entered the Bear Market cycle. The rebound to 107,500 early this week is merely an adjustment after the weekly bull-bear line was broken, perfectly under pressure to fall, further confirming the Bear Market structure. Therefore, today’s market falling below 98,000 is a natural outcome. Here, I want to tell everyone that the so-called news, the so-called Fed collectively turning hawkish last night, is just a scapegoat that the market needed after the fact.

For all those looking to bottom fish in a bull market, the unexpected drop in the market has led to a drastic shift in mindset, leaving them in a state of confusion and panic. At this time, they urgently need psychological comfort. For KOLs, the statements about bottom fishing have gone bankrupt, and they need to reshuffle themselves, shifting the blame away; they are not at fault, the problem lies with the market, and they must maintain their persona as analysts. At this moment, the Fed becomes the best scapegoat; no one can question it, and anyone who does question it will be firmly knocked down. This is the reason that everyone in the market currently needs, otherwise, they would be admitting that they are fools.

Objectively speaking, the Fed's collective shift to a hawkish stance will indeed have an impact on the coin market, but it is definitely not the core factor. The news front is merely a catalyst for Bitcoin, accelerating the original pace. #美国结束政府停摆 $BTC