BTC Market Dynamics (Current Price: 104930)

Bitcoin (BTC) is still maintaining a sideways trend at a small level. The Federal Reserve's interest rate decision was announced in the early morning, basically in line with expectations, without causing major waves, continuing the trend of stable interest rates this year. The K-line trend is hovering near support, with bulls and bears fighting between 109000 and 103300, as the market seems to be waiting for a new direction. The next wave may either rebound steadily or explore new lows!

Key Areas:

Upward Resistance: 109000 (top of the range).

Downward Support: 103300 (key support).

Trend Observation:

Four Hours: Price rebounded from 103300 to 104930, with stable volume and evident market hesitance.

One Hour: Bulls and bears are in a tug-of-war near 104930. A breakthrough at 109000 or a drop back to 103300 will determine the direction.

Dynamics:

BTC was not affected by the interest rate decision, with focus shifting to the Middle East war. The conflict between Israel and Palestine has escalated, with rumors of frequent airstrikes last night. Previous wars had boosted BTC's safe-haven demand, but now, due to global economic concerns and fluctuations in oil prices, BTC has become a 'sacrificial piece' as market confidence collapses. The pattern is close to support, making long positions promising, but if the war were to escalate significantly, prices may be impacted again.

Trend Speculation:

If it holds above 104000, it could rebound to 106000; if it breaks, it may test 100000! Uncertainties from the war dominate, be cautious!