💥 Bitcoin Holds Strong at $104K — Rebound Coming Soon?
The U.S. Fed kept interest rates steady again, which usually slows down high-risk assets like Bitcoin (BTC). But signs on the blockchain suggest $BTC still in high demand — possibly setting up for a comeback.
📉 Despite the flat interest rates, expert Amr Taha says there's a strong buy zone around $100K. BTC price charts on Binance show this area keeps absorbing heavy selling, especially around the $104K level.
📊 Binance’s open interest (futures bets) has dropped, which often means traders are reducing risk — a good setup for a stable price climb.
💣 The $104K mark has been a trap for overconfident buyers. Many long positions got liquidated there. Charts show green spikes from forced sells, meaning traders who jumped in late were wiped out.
🔁 This "market cleanup" is happening just as the Fed paused rate hikes — something that usually gives BTC a boost. Past data shows BTC tends to rise when interest rates stay steady.
🚀 On-chain signals are flashing green again. Analyst CryptoGoos notes short-term sellers are slowing down. If hype stays low, BTC could quietly build up to a bigger move.
👉 The Puell Multiple (a key BTC indicator) also hints at more upside ahead.