Today, when I opened my eyes, the BTC price was still hovering around 109530 US dollars. Looking at the 1-hour chart, it has slightly increased by 0.17%, but there are undercurrents at play. With the recent Federal Reserve news, I hurried to discuss how we retail investors should respond.
News: Did the Federal Reserve's 'face change' scare the market? Don't worry, let Sister Xin explain in detail!
Federal Reserve official Bostic stated early this morning that a rate cut in December is not a done deal and will depend on the data. When this news broke, the market was a bit confused because everyone was hoping for rate cuts to boost Bitcoin.
But Sister Xin thinks this is actually a good thing. The Federal Reserve not blindly lowering interest rates indicates that economic data remains stable, which can reduce major fluctuations in the market in the long run. The impact on the cryptocurrency market is: in the short term, it may make investors more cautious, and Bitcoin's volatility will increase. But don't forget, BTC itself is an anti-inflation treasure. The Federal Reserve's 'data dependency' has actually reduced some of the speculative heat, making it healthier. We retail investors shouldn't panic at the first news; let's observe the market for a few more days.
Technical aspect: BTC 1-hour chart shows a 'fox tail', watch the key levels closely!
BTC price is around 109,746 USD, the technical indicator MACD yellow and white lines are sticky above the 0 axis, showing a death cross trend, which usually indicates a possible short-term correction.
The chart shows key levels: high resistance at 113,000 USD is a barrier, the rebound pressure range of 111,000-112,000 USD needs to be broken; on the support side, 108,000 USD is the target, 109,300 USD is the key point, if it falls, there is strong support in the 106,000-107,000 USD range. In simple terms, BTC is in a narrow fluctuation; if it doesn't go up, it will test lower, but the support level is solid, and there is limited room for a sharp decline.
Sister Xin's view:
Short-term may test support at 108,000 USD, but as long as it doesn't break 106,000 USD, the medium-term trend remains upward since the overall environment hasn't deteriorated.
Sister Xin's view: Stability is key, don't be misled by short-term noise!
Considering news and technicals, I believe the market is currently in an 'observation period'. The Federal Reserve is not providing liquidity, making it difficult for BTC to surge in the short term, but the technical support is strong, and the probability of a sharp decline is also low. Retail investors remember, playing in the coin circle requires patience, not gambling. Those who chase after news to buy high and sell low are the most likely to lose money. We need to be smarter and treat this fluctuation as an opportunity, not a risk.
Operation suggestion: What should retail investors do? Three steps to cope easily!
Short-term players: If the price rebounds to around 111,000 USD, consider reducing some positions and wait for a pullback to 108,000 USD to buy back.
Long-term holders: If it drops to the 106,000-107,000 USD support range, you can add positions in batches, remember 'buy on the dip, hold on the rise', don't be greedy.
Novice: Simply watch, wait for BTC to clearly break through 113,000 USD or drop below 106,000 USD before taking action, saving worry and effort.
There are no gods in the coin circle, only smart people who can read signals. Sister Xin's strength is not boastful, nor does she make empty promises, she only teaches you practical survival skills.
Follow Sister Xin, layout in advance every day in the village! If you want to find Sister Xin's village to follow in real-time, we build positions together, and my profits are shared with you!
