BTC: The range game is reaching its conclusion, volume is the key

After the Federal Reserve meeting, Bitcoin briefly broke below the 116K support level. It later rebounded due to remarks from Trump easing tariffs, closing the day with a long lower shadow, indicating that buying interest remains around 116K. Currently, it is still in a high-level range between 116K and 120K, with the MA30 moving average extending upward to 116K. The deviation risk between the candlestick and the moving average has been corrected, and the sideways period is nearing its end.

Key signals: The continuous shrinkage of trading volume reflects that off-site funds are on the sidelines, and we need to wait for a “breakout above 120K with volume” or a “breakdown below 116K with volume” to confirm the direction. The 4-hour chart rebounded after briefly breaking below in the early morning, but the volume was insufficient, raising doubts about the sustainability of the rebound. Day trading focuses on shorting opportunities at the 119K-120K resistance level, with support levels to watch at 116K-117K. #美联储利率决议