Last night Bitcoin had a dramatic sell-off, plunging from above 75,000 all the way down to 70,458, evaporating over 3,000 points in 24 hours, with bulls lamenting everywhere.

When everyone is asking "where's the bottom," the Federal Reserve's interest rate expectations are rewriting Bitcoin's rally and decline script — will it continue to probe and break through 70,000, or will it stage a dramatic comeback fueled by policy expectations?

All we can do now is find precise long entry points amid the panic, and quietly pocket our profits when others are fearful!

Everyone already knows no rate hike is coming. We've already had the initial selloff before that. On the surface it looks bearish, but in reality, this round of shorts doesn't have much volume left. At most, the Asia-Europe session might probe once, but the 70,000 support level is key — we'll adapt to circumstances while remaining unchanged in our approach! Our bias remains bullish!

Trading recommendation: go long directly around 70,500
Target: 73-74 range
Break above 76!
Stop loss: 69,000$BTC ‌$ETH ‌#Gate13周年全球庆典