The Americans just released hawk signals, and Powell's team came out with a hawkish dot plot, directly crushing the expectation of interest rate cuts. Bitcoin immediately dropped below 64,000, along with Ethereum and altcoins also plunging. Frankly, liquidity is tightening now, and funds have all moved into US Treasuries, while on-chain recovery signals can't withstand the macro sell-off at all.

My outlook for the upcoming market is very clear: don't rush to buy the dip, it still needs to go lower in the short term. The fear index is already at extreme panic levels, but ETF outflows are still ongoing, indicating that institutions haven't stepped in to buy the dip. This correction is likely to retest the strong support zone between 60k and 62,000.
My advice is to hold back, don't try to catch falling knives, wait until this leveraged long squeeze is fully over and liquidity returns. For those hoping for a rebound, keep your position below 20%, set proper stop-losses. In this market, survival is more important than making money.