#BTC 92800 will be tested regardless of whether the market goes left 👈 or right 👉. The pancake that has been grinding for half a month is about to show direction.
In the past two days, bullish liquidity around 92800 has clearly increased, coupled with short positions taking profits and closing early ahead of the Federal Reserve's interest rate decision in two days. With a lack of clearing liquidity above, the accumulation of chips at 92800 is like a piece of honey attracting various forces. There is a possibility of clearing before the short-term interest rate decision.
The general direction is biased towards a price correction. Even if the Federal Reserve and Powell release positive factors on the interest rate decision day, the market still faces a cyclical correction greater than the cyclical continuation of the bull market.
The so-called positive and negative news is basically the final blow released after the market has completed a stage and then turns. The current stage belongs to the law of liquidity attraction determining price trends, which can be understood as where there are more chips, the price will strike towards that place.
This is the so-called large volatility trend, where the futures market clears liquidity back and forth, completing the exit from high positions in the spot market. This cycle is actually quite difficult to play, but also quite regular. Selling high and buying low works quite well, but excluding altcoins and Ethereum 🤣, capital was absorbed by BTC in the early bull market, then in the mid-bull market by Solana MEME coins, and at the bull's end, An An comes out to disrupt the market. Other altcoins basically only have a few stirrings before they go out. Most end up with destruction!
