BTC Market Analysis and Trading Strategy

The resistance level for BTC today is in the range of $96,850 - $97,500. The market may rise in the morning, but a pullback is expected after noon.

Considering that the market often reacts in advance with a decline within 12 hours before a meeting, and recent adjustments have mostly been completed within 12 hours, it is recommended not to easily short the market as long as the price does not fall below the lower band of the 12-hour Bollinger Bands.

Maintain the judgment of a bullish trend, the target for this round of rebound is still $105,000, and the operation should focus on buying low during pullbacks, while short positions should be kept short when prices rise.

The market expects a 70.8% probability that the Federal Reserve will keep interest rates unchanged on June 19, with the probability of a 25 basis point rate hike dropping to 28.6%.

This bearish expectation will be digested by the market in advance, having limited impact, much like a “delayed reward candy” that has been announced beforehand, and will not trigger significant volatility.