BTC retraced to 93500 last night and found support, then transitioned into consolidation until the post-market hours of the U.S. stocks, followed by a significant surge.
The FOMC interest rate decision meeting that started last night will last for two days. The results will be announced at 2 AM on Thursday.
From the previous inflation and employment data, it can be roughly guessed that the possibility of a rate cut is relatively small. In fact, the most important thing is the speech after the meeting; observing whether Powell's speech is hawkish or dovish can roughly indicate the Fed's intentions.
Returning to the market, after briefly deviating from the U.S. stock trend, Bitcoin independently surged. Could it be that news has leaked again?
The funding rate has begun to shift from positive to negative. Due to the uncertainty in the market, many people prefer to hedge their short-term profits by taking short positions, and there are also pure bears who make bets in advance.
Several positions that need attention
Support Position
First Position 93000-93500
Second Position 91600-92000
Third Position 90500-90800
Pressure Position
First Position 97726
Second Position 99000-99370
Third Position 102133
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