Recently, the market has been fluctuating, and we can only rely on news for short-term trading.
At 2 a.m. on the 19th, there will be a Federal Reserve interest rate decision. It is obvious that there will be no interest rate cut at this meeting, but whether Powell speaks hawkishly or dovishly should have some impact on the short-term market.
However, the main issue remains the war between Iran and Israel, with daily threats of nuclear weapon use; we don't know if it's true or not.
Anyway, every time the market shows signs of taking off, a bucket of cold water is poured over it, making it quite difficult for the bulls.
At present, the focus for trading is mainly on these news events. For now, there are no significant positive news or black swan events, so in the short term, $BTC will continue to fluctuate between $100,000 and $110,000.
If the Iran-Israel conflict continues to escalate, I personally believe the extreme correction position for $BTC could reach $95,000, so be cautious and defend against it.
What we need to do now is wait for the market to stabilize. The factors of war are still hard to predict; we can only hope for world peace and a quick end to the war, along with the Federal Reserve cutting interest rates to bring the market back to normal.
Once this turmoil is over, long-term $BTC will still reach $130,000 to $150,000.
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