#美联储重启降息步伐 BTC's price action was quite thrilling today. It briefly plunged below $89,000 during trading hours, but quickly rebounded and, as of publication, has reclaimed the $90,000 level. This kind of V-shaped recovery has become a routine move in the recent market.

How intense was the volatility? Just look at the liquidation data—over the past 24 hours, total contract liquidations across the network reached $109 million, with nearly 96,000 accounts wiped out. Interestingly, shorts were liquidated slightly more than longs this time, indicating that many people betting on a drop got caught on the wrong side.

Amid this panic, MicroStrategy's CEO suddenly spoke up: “We're holding our BTC until 2065, we don't care about short-term volatility.” After this statement, market sentiment clearly stabilized a bit. After all, MicroStrategy is the publicly listed company holding the most BTC globally, and such a long-term commitment definitely carries weight.

From a technical perspective, some analysts have noted that BTC is currently forming a cup-and-handle pattern lasting 18 months. To the upside, $100,308 is a major resistance level; to the downside, $80,755 is the lifeline—if it breaks below this, further declines could follow.

The market is currently digesting this wave of selling pressure. In the short term, the $90,000 level will likely see repeated battles; whether BTC can break $100,000 will be a key test. Also, keep an eye on the moves of major institutions—if more players choose to hold long term like MicroStrategy, the market’s selling pressure will be much lower.

Finally, there’s the macro factor. The crypto market is increasingly tied to traditional finance, so things like Fed monetary policy and global economic data will directly influence risk appetite. While there’s some short-term stabilization, key technical levels haven’t been broken yet, so further developments still need to be closely watched.