From a technical and macro perspective, the overall trend of BTC currently maintains a bullish pattern. It is recommended to adopt a strategy of buying on dips primarily. Before the Federal Reserve's interest rate cut takes effect, the probability of a deep market correction is relatively low, and the expectations of macro liquidity continue to provide support for the coin price.
It is expected that the intraday volatility will significantly increase, and the market rhythm may show a pattern of rising first and then falling. The key resistance area above to focus on is 117000-118000, and whether this area can be effectively broken through needs to be closely monitored for the policy signals released by Powell's speech at 2 AM. It is important to clarify that, regardless of how high the short-term surge goes, the market is very likely to undergo a technical correction afterwards. After the interest rate cut, the market may not immediately experience a sharp decline, but the likelihood of a downward adjustment to digest the gains is relatively high.
It is expected that the intraday volatility will significantly increase, and the market rhythm may show a pattern of rising first and then falling. The key resistance area above to focus on is 117000-118000, and whether this area can be effectively broken through needs to be closely monitored for the policy signals released by Powell's speech at 2 AM. It is important to clarify that, regardless of how high the short-term surge goes, the market is very likely to undergo a technical correction afterwards. After the interest rate cut, the market may not immediately experience a sharp decline, but the likelihood of a downward adjustment to digest the gains is relatively high.
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BTC
116,709.22
-0.21%