#美联储重启降息步伐 ’s alert last Thursday really came true—$BTC dropped sharply from $94,150 all the way down to $88,000, a swift and decisive $6,000 plunge. But don’t rush to buy the dip just yet; this round of 1-hour level correction isn’t over, and it might even evolve into a larger-scale drop.

Honestly, from the rebound at $80,600 to now, there haven’t been any reliable bottoming signals on the daily chart. This rebound feels more like a technical correction after being oversold, lacking real upward momentum. So chances are we’ll see $80,600 tested again, and it wouldn’t be surprising if it breaks through.

**So what should you do now?**

In the short term, $88,000 is a key level. If it can’t hold and breaks down further, then $94,150 is almost certainly the top of the 4-hour rebound. However, the December rate cut expectations are still hanging over the market, so sentiment can swing back and forth. Don’t rule out a quick 1-hour rebound that brings prices back to the $91,500–$92,000 range for a bit before continuing to slide.

The 15-minute chart is currently stuck—either it breaks below $88,000 and heads straight for $86,000, or it breaks above $90,300 and starts a small rebound to challenge $94,000 early. But whichever way it goes, the 4-hour rebound is already nearing its end.

My suggestion? **Sell off some spot positions on the rally, wait about a week, and buy back in at lower levels.** Don’t rush to go all in; the market isn’t going anywhere.

**A look at $ETH**

ETH is basically following BTC step by step. Focus on two price levels:
- If it breaks below $2,980, a 4-hour downtrend is likely confirmed, but there could be a 1-hour rebound to around $3,100 afterward.
- If $2,980 holds by tomorrow morning and it breaks above $3,075 instead, then a 1-hour rebound has started, with a chance to challenge $3,250.

No matter how it plays out, ETH’s 4-hour rebound is also almost done. **Consider building positions in batches only if it drops below $2,600**—don’t let short-term volatility shake you out.

**Overall market rhythm:**

The weekly trend has turned downward, and a major downtrend may just be starting; the daily downtrend isn’t over, with $71,000 as a relatively solid support; the 4-hour rebound is basically over and starting to turn down; the 1-hour is still falling, but you need to look at the short-term structure to judge if it’s done; the 15-minute is just a choppy range—wait for a direction.

In short: **Bearish overall, the drop isn’t over, reduce positions on rallies, and patiently wait for lower prices.** Rate cut expectations will cause volatility, but don’t be fooled by short-term pumps.