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The main reasons Bitcoin is down today
1. The U.S. Federal Reserve is about to hold its policy meeting, and everyone is worried that Powell’s speech will be hawkish
2. Bitcoin rebounded to a key resistance level, failed to break through 8万, and then rose to a high before pulling back
3. Tensions in the Middle East are high; progress in U.S.-Iran negotiations is slow, and market sentiment has become somewhat panicked
No, no, no—none of the above are the reasons. The reason is that the 2026 Bitcoin Conference is being held in Las Vegas, USA, and BTC drops every time there’s a conference—it's become a curse