Yesterday I said that if the trend line cannot be recovered, you can try to short the pie. I wonder if you are short? I'm too lazy to go short. Yesterday's drop was about 6%, and it has dropped almost 12% from the highest point to now. I think it's still not enough. In the bull market, the pie has risen a lot, and there will be a correction of 10%-20%. % is a normal thing, don’t be too pessimistic#BTC

12-19 Bitcoin Analysis:
From a fundamental perspective, this wave of decline first began with the Federal Reserve's interest rate cut. Generally speaking, interest rate cuts are bullish for Bitcoin, but this time, the Fed officials believe that only two rate cuts will be needed by 2025, whereas four were previously expected. Therefore, with two fewer cuts, this is naturally a bearish message for the financial markets. As a result, both the US stock market and Bitcoin experienced a significant decline yesterday.
Returning to the candlestick chart, let's discuss the short-term aspects of Bitcoin. From the four-hour level, Bitcoin has already broken below the upward trend line. Moving forward, we just need to monitor whether Bitcoin can reclaim the trend line and create a false breakdown. If it is directly rejected at the trend line and fails to create a higher high, then it may be time to consider shorting Bitcoin.
Because in the short term, if Bitcoin is rejected below the trend line, it is highly likely to form the 123 rule, with strong support around 980. If it is once again pierced by a large bearish candlestick, then the bullish trend will shift to a bearish trend.