The current BTC price is fluctuating around $95185, while the Federal Reserve has just released dovish signals, indicating that the market might be changing! Sister Xin will break it down for everyone!
News: The Federal Reserve suddenly 'shifts', expectations for interest rate cuts rise!
First, let’s look at the second image, which is the news flash from early this morning. Federal Reserve Governor Milan directly stated that recent economic data supports interest rate cuts, inflation is better than expected, and the job market is weakening, which is equivalent to giving the market a 'peace of mind' pill. In simple terms, the Federal Reserve is becoming more 'dovish', meaning that there may be interest rate cuts soon to stimulate the economy.
Historical experience tells us that once the Federal Reserve loosens its policy, the U.S. dollar tends to depreciate, and funds will flow into gold, the stock market, and our cryptocurrencies! As the leader, BTC often benefits first. This news is not baseless; it is a solid positive signal that could drive BTC to break through its previous high in the coming weeks.
Technical aspect: The 'golden cross' has appeared on BTC's hourly chart, and the key levels are clear!
Looking at the first chart, this is BTC's 1-hour price chart with a black background and colorful candlesticks, which professional players understand. The chart is filled with horizontal lines: the high resistance level is around 106,000 U.S. dollars, the key support is in the 93,000-94,000 U.S. dollar range, and the current price of 95,185 U.S. dollars is just swaying in the middle.
The most striking indicator is the chart below, where the yellow and white lines form a 'golden cross trend' below the zero axis, accompanied by a blue arrow, which is a typical bullish signal! When a golden cross appears, it usually means that the short-term upward momentum is strengthening. If the price can stabilize above the support of 94,000 U.S. dollars, the next step may be to test 96,000 U.S. dollars or even the 100,000 U.S. dollar mark. However, if it falls below 93,000 U.S. dollars, caution should be exercised for a potential pullback, but the overall trend is bullish.
Sister Xin's view: News + technical resonance suggests a high probability of bullishness in the short term!
My view is that the combination of news and technical aspects is advantageous. The Federal Reserve's dovish remarks have given the market a strong boost, and BTC's technical chart has also shown a golden cross; this rebound may not be over yet. But we must not act blindly; the market always carries risks, such as if the Federal Reserve changes its stance or a black swan event occurs.
Therefore, the strategy needs to be flexible; do not go all in. I think the market sentiment is warming up, and retail investors can be a bit more optimistic, but be sure to control your positions.
What should retail investors do?
Market opportunities have arrived, but it is also a test of patience. Do you think this wave of BTC can reach 100,000 U.S. dollars? Or will there be a pullback? Share your thoughts in the comments, and Sister Xin will take time to reply!
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