#BTC Fed's early morning speech was hawkish, and there may be only two rate cuts next year. This is just a 'possibility', and the specific situation still depends on the changes in inflation data. The market's interpretation of this belongs to Unfavourable Information. This Unfavourable Information is a temporary impact, generally being digested by the market within 24-36 hours.

In the early morning, BTC retraced to the 1-day line in the middle of the Bollinger Bands near 10W. If there is Unfavourable Information, the lowest point will retrace to this level, which was within the forecast range last night. If ETH falls below 3828, it will directly retrace to around 3660, as mentioned yesterday. When considering the major information, the two support points of 3772 and 3742 in between are not taken into account, but the rebound can be used as a reference for taking profit.
During the day, BTC needs to repair the indicators below the 30-minute minor level, and the resistance is temporarily at 102,300. Below 100,000, 99,200-98,800 is the first-line support, which is also the bottom-hunting point of last Sunday and can still be supplemented.
When faced with such significant information, there are a few points:
1. The ratio of long positions and pending orders should not exceed 15% of the account funds;
2. The first thing to do with the positions in the floating profit is to set up a stop-loss to prevent the profit target from being unreachable and the possibility of a turnaround to Unfavourable Information leading to a loss;
3. Falling below the defensive point reduces the position's margin by 10-15%, allowing for averaging down at a lower price.
Some people think about loss as soon as they are slightly trapped in a long position, which is the worst strategy. You should know that many people's short positions are trapped at 90000-78000 now, and they have been holding on for more than 40 days. Who doesn't want it to fall to 80,000 or 70,000? And the bullish trend has not ended.