Tonight, the unemployment rate and non-farm payroll for September will finally be announced...

But in reality, it has no real use against the mid-term downward trend...
Old Bao said that October is a defensive rate cut, and December may not necessarily see a rate cut; the market has already priced in a significant decline in the rate cut.

The recent drop in Bitcoin during this wave has shown me that there is support only at 91,000 to 94,000 dollars.
If there is a slightly irrational panic selling, then it should be around the minimum of $88,000...
I don't think it can drop directly to the support level near 70,000 dollars all at once either...

Currently, there is no need to panic too much as long as it stays above 88,000 dollars.
After all, it has already dropped more than 20,000 dollars from 116,000 in one go...
There is no market that reaches a conclusion in one step; even in a one-sided trend, energy needs to be accumulated along the way, whether it is the energy for rising or falling.
Of course, the premise is in the key support and resistance zones.

So, near the current price, one can expect a fluctuation correction within a red circle.
However, this is likely not the end of this round of decline.
It is clear that, as shown in the figure, I continue to be bearish on the mid-term trend.

Good luck to everyone (^.^)Y Ya!!
#BTC