The current market is in a state of balance between bulls and bears, with clear support and resistance zones on both sides. $BTC
After the overnight US stock market opened, the cryptocurrency market maintained a narrow range of fluctuations, with intraday volatility continuing to decline.
From a long-term structural perspective, the upward trend at the monthly level has not been broken, and it is recommended that holders maintain strategic composure, avoiding disruptions to operational rhythm due to short-term fluctuations.
Focus on the public speech of Federal Reserve Chairman Powell in the early hours of Thursday Beijing time, as the direction of monetary policy, which serves as a pricing anchor for global risk assets, may be transmitted to the cryptocurrency market through the US stock market.
From a technical perspective, this week may continue the trend of oscillation and adjustment, with major funds more inclined to complete chip turnover through repeated false breakouts, and the real turning point may be postponed until next week.
The smaller the pullback, the greater the subsequent upward space and possibility, which provides a good reference for entry; active long positions can be arranged during pullbacks.
