【BTC Market Focus】As the probability of the Federal Reserve lowering interest rates in September soars to 87%, market risk appetite is warming up. Bitcoin is expected to challenge $124,000, with the current resistance level locked at $118,000. Once broken, it may open further upward space.
This week, the opening price for BTC is $114,505, and the CME gap is small, providing potential support for an early rebound.
Technical analysis indicates that in the short term, BTC may pull back to $110,000–$112,000 before testing key resistance.
The Volume Profile (VPVR) also shows that bullish strength is gradually accumulating, combined with a favorable macro trend, suggesting a bullish outlook.
Currently, Bitcoin is in a resonance window of policy expectations and technical support. If the Federal Reserve lowers interest rates as expected in September, it will further enhance BTC's appeal as "digital gold."
For medium to short-term investors, $118K is a key observation point. If there is a breakout with increased volume, the possibility of an accelerated market is not ruled out.
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