🔥 The Federal Reserve's "Eagle Strikes High", why does Bitcoin stabilize against the trend? Three key signals revealed!
📉 The Federal Reserve sends another hawkish signal, yet the market behaves unusually strong!
Last night, Fed Chairman Powell reiterated "no rate cuts for now", with wording stronger than expected. According to historical patterns, this should have triggered a sharp decline in the cryptocurrency market, but Bitcoin stubbornly held the key support at $103,000, even starting a rebound an hour later!
💡 The truth behind the unusual phenomenon:
1️⃣ No drop despite bad news, a big rise must follow!
- In the past 24 hours, despite the dual pressure of hawkish comments from the Fed and geopolitical conflict panic, BTC has consistently failed to break below $103,000, indicating that the market has already digested the bad news, and selling pressure mainly comes from retail panic.
- On-chain data shows that whales are accumulating at low prices, with over $1.5 billion in buy orders around $103,000, forming a "strong bottom" support!
2️⃣ Strong bullish signals from the technical perspective!
- The 1-hour candlestick forms a "double bottom structure", with the lows gradually rising, and the MACD about to cross bullish, which is a typical characteristic of the early bull market!
- The key resistance level is at $108,000. Once broken, it will trigger a large amount of algorithmic trading buy orders, accelerating the rise!
3️⃣ Market sentiment has reached a turning point!
- Although the Fed continues to "talk tough", the market is starting to ignore the bad news, indicating that funds are preparing for the next round of trends.
- Historical data shows that BTC often oscillates during the phase of delayed rate cut expectations, followed by explosive increases!
🚀 Market outlook:
- Short term: If it stabilizes above $105,000, it will test the $108,000 resistance level, and if broken, look for $112,000!
- Medium to long term: The Fed's policy shift is just a matter of time, and once rate cut expectations heat up, BTC may welcome an epic market!
💥 Trading suggestions:
✔️ Around $103,000 is an excellent buying opportunity, with a stop loss set below $100,000.
✔️ Breakout above $108,000 can lead to position increases, targeting $115,000!