After the 413 tragedy, is there an opportunity? Why did Bitcoin fall sharply? Has the correction peaked? Can it fall below 60,000?

Last night, the volatility was huge. Bitcoin fell by 5% and the altcoin fell by more than 20%. Today, we will analyze the reasons for the sharp drop, whether it has reached the bottom, where it will fall, and how to operate?

Reasons for the sharp drop

(1) The Federal Reserve suddenly announced that it would cut interest rates once instead of three times. The expected discount of the interest rate cut was too large, which led to a direct plunge, but it does not mean that there is no confidence.

(2) The three major US stock indexes fell collectively, with the Dow Jones Industrial Average falling by 1.24%, the Nasdaq falling by 1.62%, and the S&P 500 falling by 1.45%. Popular technology stocks fell across the board, with Nvidia, Tesla, and Meta falling by more than 2%, and Microsoft and Google falling by more than 1%, directly leading to the collapse of the cryptocurrency circle.

(3) Bitcoin will be halved in one week, and the positive news will turn into negative news.

The best time to plan ahead is after the sharp drop.

If you don't understand, have lost money, and have no direction, follow me and click on my avatar to find it. The 10x coin layout will be announced for free soon. Comment 968, free fans.