Yesterday, Bitcoin dropped to a low of 95,780, followed by a slight rebound, fluctuating around 97,000. Overnight, the Federal Reserve announced to hold steady and indicated it is not in a hurry to cut interest rates, without providing a specific timeline for rate cuts. Powell mentioned that tariffs have had a greater-than-expected impact on inflation. This week, negotiations will take place in Geneva, focusing on whether an agreement can be reached, which was also the main reason for Bitcoin's sudden rise yesterday.
From the 4-hour perspective, since the MACD golden cross, a new small range has been established between 95,500 and 97,800. According to the operation of this range, attention should be paid to breaking the balance of the range. If it breaks upward past 98,000, then watch for around 99,000. Personally, I believe it's not worth chasing in the medium term. For short-term trading, if one cannot resist, after breaking 98,000, a stop-loss should be placed at 97,000. If it breaks downward past 95,000, then it will need to test 93,000 first.
From the daily perspective, the MACD has already become dull here, with the 20-day line at 93,700. Still holding the same view: if it falls below the 20-day line support, meaning if it breaks below 93,700, it will go below 90,000. If it does not break, then continue to observe the range.
Summary:
1. Bitcoin has established a small short-term range from 95,500 to 97,800, waiting for a break in the range balance. There is potential movement both up and down, but I believe the upward space is limited.
2. For medium-term low buys, waiting is still necessary for 72,772,564,016.
