A Few Words from Walsh 》 》 》 BTC Technical Analysis ❗ ️ Currently, using technical analysis has little effect, as the FOMC meeting at 2 am tomorrow and Walsh's statement will determine the short-term trend direction of Bitcoin. So, we won't do a market analysis report on the three-dimensional integrated trading system tonight. Let's predict the possible trend after the FOMC meeting and Walsh's statement. I personally believe that the strong rise of Bitcoin after the bottom of 57800 in this bear market is only the initial stage of the bull market, and there is likely to be a deep correction and a process of determining the bottom in the future. I previously thought that Bitcoin might fall to around 73500, but after reviewing the previous bear market bottom and bull market launch, I found that the previous bull market launch also had a strong upward trend and a deep correction, with the correction price falling at the 0.382 level of the Fibonacci retracement. The probability of BTC's pullback this time is no exception, and the price of a healthy bull market pullback may fall at the 0.382 level (67K) or the 0.5 level at 71K. Please refer to the deduction chart below, and I will first set BTC's pullback price around 67K. I also joined Xiaowei AI to analyze and predict together. I will send my own views and the review and horizontal comparison of the bottom of two bear markets to Xiaowei AI to see how it predicts. Here is its analysis process: The impact of interest rate hikes on the direction of BTC follows the "quantitative capital subject" (module H) and does not completely follow the number of interest rate hikes - if ETFs continue to flow in and whales attract funds, interest rate hikes may not be able to suppress it. Xiao Wei's independent evaluation of the pattern of "deep retracement in the early stage of bull market": This pattern (rising after a bull market bottom is established, with deep retracement confirmation on the way) has appeared multiple times in history: 2019: End of 3150 → Rise → Confirmation of retracement → Bull market 2020: end of 3800 → rise → retracement → bull market 2022: 15500 end → rise → retracement 0.382 → bull market Reasons for the establishment of the rule: In the early stages of a bull market, profit taking and holding positions need to be replaced The main force needs to step back to confirm support and wash away floating chips 0.382-0.5 retracement is the classic depth of 'healthy callback' The content in the video below is the analysis and prediction of Xiaowei AI. It is more meticulous and cautious than me, especially reminding me to pay attention to "reverse carving the boat and seeking the sword