Yesterday's intraday decline, last night during US stock market hours, Bitcoin experienced accelerated downward volume. Stopped falling and rebounded near 103. The short-term bears took some profits.
Weak intraday rebound testing 105 before entering weak volatility. From the entire day of capital outflow and price performance yesterday, it can be seen that the market has priced in expectations of no rate cut ahead of the Federal Reserve meeting. With various uncertainties in the market outlook, both the US stock market and the crypto sector have retreated.
Rate decision at 2 PM and Powell's speech after 2 PM. The latter is the focus. From the tone of the last meeting, it can be felt that Powell has seemingly started to lean dovish. Currently affected by geopolitical factors, whether he can maintain a dovish stance again and give the market a little sweetness, the speech at night remains very important.
Overall intraday volatility is not large, small levels have already shifted into low volatility. Awaiting the rate decision outcome.
Several positions that need attention
Support Position
First Position 104000
Second Position 103000
Third Position 101000
Resistance Position
First Position 106100
Second Position 107000
Third Position 108400
Focus and like, wealth accumulated in thousands
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