BTC had a long wick candle down in the early morning, how many people turned bearish? Jingwen shares her insights.

The situation is clear: the Federal Reserve has not implemented interest rate cuts, and there is no urgency to do so. Everyone feels that putting money in government bonds is safer, and they might consider withdrawing some from Bitcoin.

Let's talk about the selling pressure from the whales again. In the early morning, the ancient whale sold 24,000 BTC, and the current address still holds 150,000 coins. In the short term, we still need to pay attention to the risk of a market crash.

But what Jingwen wants to say is that the Federal Reserve's direction of interest rate cuts has not changed, and there will be pension funds entering the market later, with regulations also gradually improving. Now that the decline has been deep, it has actually released the risks, so everyone should not panic! As long as BTC holds above 110,000, there is not much of a problem, and the outlook remains bullish! It will definitely reach 120,000 within two weeks! #BTC#