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 falling trend.

The fall of Bitcoin in this wave, I have only seen support at 91,000 to 94,000 dollars.
If there is a bit of irrational panic selling, then it should be around the lowest near 88,000 USD...
I don't think it can fall directly to the support near 70,000 dollars in one go...

Currently, there is no need to panic too much as long as it stays above 88,000 dollars.
After all, it has already fallen more than 20,000 dollars from 116,000 in one go...
There is no straightforward market situation; even in a one-sided trend, it is necessary to accumulate energy along the way, whether it is energy for an upward movement or energy for a fall.
Of course, the premise is in the key support and resistance zones.

So, near the current price, a fluctuation recovery within a red circle can be expected.
However, this is likely not the end of this round of fall.
It is clear that, as shown in the picture, I continue to fall in the medium-term trend.

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