58,000 rebounded to 67k, and the seven consecutive days of rise are temporarily over. Currently, Bitcoin has fallen for three days in a row. Why did it fall, how much more can it fall, and where can we buy the dip? Let's analyze it!

1. First, let's talk about why it fell. Last night's Federal Reserve meeting was loud and clear, with nine officials supporting interest rate hikes. The market is adjusting its risk expectations accordingly, leading to declines in the crypto space and US stocks. So, the question is, will it fall further?
2. Based on past performance, in the six previous Federal Reserve meetings, Bitcoin fell about a week after the meeting in five of those instances, then started to rise. Currently, it seems quite fitting. I think this correction period will be a very good low-price buying opportunity.
3. Looking at the levels, Bitcoin's strong support is around 62.4k. Approaching this level, it's definitely possible to go in with a large position to catch a 2,000-point rebound, and short-term support is around 63,300!
4. Previously, at the peak of the rebound at 66,800, we shorted BTC, and around 1850, ETH, in batches, which can now be profitably closed.
5. Our trading logic is very clear: go long near support levels, go short near resistance levels. This has been basically accurate. For example, in recent days, we suggested going long around 63,800, and ETH was around 1730. Last night, both successfully rebounded to take profit levels.
6. Finally, I want to emphasize that for Ethereum, the 1680 level is the best position to re-enter mid-term positions on the dip. For Bitcoin, around 62,500 is also a key level to hold large positions for mid-term gains. When these levels are reached, it's time to enter!