$BTC
Interest rate cuts seem almost impossible 9 months ago
Trump meets Powell
This meeting seems to indicate a thaw in their relationship.
However, Federal Reserve officials are still sending hawkish signals.
Fed Governor Bowman clearly stated that now is not the time to lower interest rates, as premature cuts could lead to a rebound in inflationary pressures.
If inflation remains high, rate hikes are also not out of the question.
Tonight, the market's focus is undoubtedly on core PCE data.
This is the inflation indicator most favored by the Fed. If the data shows a cooling in inflation, it could be good news for the market, allowing for some breathing room for the big pie and possibly sparking a rebound!
Market sentiment is currently close to freezing point. The opportunity for a rebound after an oversell is quietly brewing, with both RSI and MACD indicators showing short-term overbought conditions.
This means the market could see a pullback at any time.
The key support level is currently in the range of 105,000 - 107,000.
Once it falls below this range, the market may further decline.
Meanwhile, the clear resistance level is between 110,000 and 112,000.
Previous attempts to break through have failed.
Finally, let's aim for $OG !
Those who followed my purchases starting at 3.7 can say that internal profits are not an exaggeration～
Follow Hashini for timely updates tonight, sharing direction～
