#BTC

BTC Market Analysis:

The Bitcoin is still operating within a fluctuating range, and the pressure point at 116k has not been broken through, with multiple attempts failing, and signs of a further decline emerging!

On a smaller scale, support was obtained from the EMA, but overall the outlook is still not very optimistic. The gap position mentioned earlier on the CME chart at 111k still has not been filled, so the expectation for filling it remains, focus on the gap position near 111k!

At the same time, this month’s Federal Reserve interest rate decision will also yield results, but it seems the market has already priced in the expectation of a rate cut!