Hey, let's talk about the cryptocurrency market. After a price pullback on Monday, it seems that bulls around 93,000 have become a bit more active, just as indicated by the white arrow in the chart.

Don't rush to go bearish! Why? Right now, there are three glaring bullish liquidity gaps below the price, marked by the white box in the chart. The market seems to be eagerly waiting for this week's FOMC meeting. It's very likely that the price will continue to fluctuate within this range.

If the FOMC meeting at 2 AM on Thursday leans hawkish or dovish, it wouldn't be surprising for the price to break above or below this range. Why? The futures market currently lacks sufficient liquidity! The bearish liquidity above has little practical effect, and many short positions may have already exited before liquidation. The newly added bullish liquidity below is also quite limited, not to mention those three gaps!

In my opinion, let the price fluctuate for another two days to accumulate futures liquidity, and then break out of this range. This way, regardless of whether it goes up or down, it can sustain for a longer period. Given the current situation, I wouldn’t dare to confidently say I'm bearish; I feel that this fluctuation is lasting longer than we expected.