Today's Market News and Bitcoin Analysis
The following is an analysis post based on today's market dynamics and Bitcoin
$BTC
covering market news, technical analysis, and trading suggestions to help everyone better grasp market opportunities.
Today's Market News (Information)
Event: Federal Reserve Announces Interest Rate Decision and Economic Outlook
Importance: ★★★★★ (Five Stars)
Impact: This is a major event today, with the market expecting the interest rate to remain at 4.50%. However, the economic outlook and policy guidance will be key.
If **dovish signals** are released (such as hints of rate cuts or slowing rate hikes), Bitcoin may rise; if **hawkish signals** are released (such as rate hikes or accelerated tightening), it may come under pressure and decline.
Federal Reserve Chairman Powell's Press Conference
Time: 02:30 (Beijing Time the next day 2:30 PM)
Event: Powell Interprets Monetary Policy
Importance: ★★★★★ (Five Stars)
Impact: Powell's statements will further clarify the direction of the FOMC decision. If the remarks are dovish (such as mentioning slowing inflation or economic optimism), the market may rise; if hawkish (such as emphasizing fighting inflation), it may trigger a decline.
Key Focus:
The FOMC decision and Powell's press conference from 2:00-2:30 AM are core events today that may trigger significant fluctuations in Bitcoin prices (“Big Volatility”).
Bitcoin Price Analysis:
Recent prices show a downward trend, accompanied by shrinking trading volume, with market sentiment tending towards wait-and-see.
In the short term, there is considerable downward pressure, and prices may continue to test the critical support level of 104015.0 or lower at 100305.1.
Suggestion: The current trend is bearish, and it is not recommended to blindly bottom-fish. Short-term investors can observe price rebound signals near the 100305.1 support level and take profits near resistance at high levels.
Technical Analysis:
Candlestick Pattern: A black three soldiers pattern has appeared consecutively, indicating strong downward momentum, and a critical breakdown may occur within the recent consolidation range.
Volume: Recent price movements have not effectively expanded trading volume, with volume-price divergence indicating cautious market sentiment.
MA: Moving averages are in a bearish arrangement, with short-term moving averages turning downward approaching long-term moving averages, suggesting that the recent trend may continue to face pressure.
Bearish sentiment, with a high probability of retesting the lows, short on rallies.
