$BTC

Recently, even with favorable news, Bitcoin struggles to rise.

Moreover, its trend has long since deviated from the previous four-year cycle.

Altcoin prices have fallen for six consecutive weeks; whether they can rebound depends on whether they can stop the decline in the coming weeks, otherwise, they will continue to weaken.

Currently, everything hinges on the Federal Reserve's policies and the broader environment. However, some big players say that while some are making quick profits in the short term, long-term holders haven't budged, and the amount of Bitcoin on exchanges continues to decrease.

Many are stockpiling at the price range of 93,000 to 98,000, so a significant drop is unlikely for now.

Looking at the technicals,

Bitcoin has found support at 102,700; next, it either pushes to the previous high or oscillates between 106,000 and 108,000. This market movement closely resembles the fluctuations of 2024, so it's advised to stir less.

Currently, the market is most concerned about how the Federal Reserve will express itself this week.

Everyone was hoping for two rate cuts in 2025; if the Federal Reserve states that only one is possible, Bitcoin is likely to drop;

If they maintain the expectation of two cuts, it may just wobble in place. Additionally, oil prices have risen sharply recently, and if inflation follows suit, the Federal Reserve might be even less inclined to cut rates, leading to greater market volatility.

Overall, the market maintains a cautious attitude; it's advised to control positions, reduce leverage trading, and focus on the impact of Federal Reserve policies and geopolitical situations on market liquidity.

Stay tuned to Hashni for continuous updates.

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