BTC Midday Market Analysis and Strategy Tips
Good afternoon! After a nap, BTC saw a significant surge, driven by notable positive news (specific events will not be elaborated here). From the K-line pattern analysis, BTC did not break below the bottom of the 4-hour consolidation zone yesterday. According to basic technical logic, as long as the support level holds, the consolidation will either continue or a rebound will commence.
As predicted, the market not only rebounded but also continued to gain momentum after reaching the upper bound of the consolidation zone at night, with a large bullish candle breaking through the previous top resistance level in the morning session.
Today's market events are dense: Ethereum network upgrade, the Federal Reserve's interest rate decision at 2 AM, and Powell's speech at 2:30 AM are all worthy of close attention.
Among them, the expectation of interest rate cuts in the second half of the year will become a focus for medium to long-term speculation.
In view of this, the operational strategy remains "mainly long on pullbacks, with short positions as a supplement when encountering strong resistance". It is recommended that investors who missed the morning session avoid chasing prices and patiently wait for a safer entry opportunity.
