The Bitcoin rebound has directly flopped, and Japan's interest rate hike 'sword' hangs overhead, while altcoin bubbles are about to burst!

Last night's Bitcoin movement was like a roller coaster, thrilling enough to make one's heart race. At 10 PM, the price shot up to 90,000 like a rocket, but before long, in less than two hours, it was smashed back down to 86,000 like sliding down a slide. After this rebound, selling pressure surged like a tide, clearly indicating that the bullish sentiment in the market has lost strength and cannot sustain further.

Tomorrow, Japan's interest rate hike is set in stone. Given the current situation, I think it's impossible for Bitcoin to push back up to around the previous high of 94,500 by the end of the month; the resistance is just too great to break through. In the medium to long term, we need to keep a close eye on the support level of 80,000, as this is a critical defense line. If the market effectively breaks below this level, a new round of downward movement will begin, and it could fall endlessly.

As for the panic indicator, it now feels like just a decoration. During the last bear market, panic sentiment continually loomed over the market, and it seems this round is no different; panic is likely to continue.

Let's talk about altcoins. Last night, when Bitcoin was fluctuating widely, it did not break the previous low support, but the altcoin sector collectively plunged. My short positions in #zec, ASTER, and HYPE all dropped alongside, even hitting new lows. These large market cap altcoins have valuations that are absurdly inflated, and they haven't been cleaned out properly. I think it will continue to be squeezed next year until the valuations are reasonable, by which time many people will likely end up losing everything.

The target direction moving forward will continue to be set at #ETH走势分析 , with significant market movements expected from Japan's interest rate hike. Those who miss this wave will surely regret it; if you want to join in and lay low together, come to the chat room. #美国非农数据超预期