BTC is waiting for the storm to come

Today's market: Yesterday, the US market rose above 94K, removing the liquidity above, and then fell back to around 92K for fluctuations. The daily line maintains a bullish structure, and various technical indicators are bullish on the daily line.

Macroeconomic aspect: Interest rate cuts are no longer in suspense. Powell's speech attitude and dot plot will determine the market's liquidity expectations for the first quarter of next year.

Technical aspect: The rhythm of BTC's washout and decline has not yet been completely reversed. Since interest rate cuts are no longer in suspense, Powell may adopt a hawkish stance, making it highly likely that BTC will continue to decline in steps.

Personal position situation: Contracts, medium to long-term short positions moved down after 94K, and were hit yesterday. Currently, I am re-establishing short positions, with a stop loss above 94500, continuing to speculate on medium to long-term declines; short-term long positions were exited at 94K for profit. No increase in spot positions.

Currently, ETH and other altcoins have rebounded significantly, and some have broken through the current downward trend line. It is recommended that friends do not chase long positions in contracts and determine spot positions by themselves.