Key Points Tonight
All eyes are focused on the Federal Reserve's interest rate meeting at 2 AM. Although the market has fully anticipated a rate hold, Powell's statements will be the real bombshell. The current Bitcoin URPD chip distribution map shows that there is almost no dense trapped position above $98,500. Technically, it should support an easy break of the previous high, but macro sentiment disturbances may make everything unpredictable.
Experienced traders clearly sense the smell of danger. While state government involvement brings positive news, in the face of a potential "hawkish blow," most funds choose to wait and see. It is recommended that investors strictly control their positions to withstand sudden fluctuations.
