At 2 AM tonight, Powell will speak! Whether Bitcoin can hold at 110,000 depends on what he says!
Is the bull market still there? It mainly depends on whether the Federal Reserve will cut interest rates next. Will the rate cuts stop? It mainly depends on U.S. inflation and employment data; these two are crucial.
Don’t be fooled by Powell's tough talk now; long-term easing policies are highly likely to be unavoidable. If asset prices really crash, politicians will be more anxious than anyone and will definitely push for easing.
Many people see Bitcoin rising to 130,000, but in the short term, it will definitely fluctuate. Long-term easing will come sooner or later.
Current market: 112,000 is not the bottom; bears are weakening, and bulls are not strong either. Overall, it’s a volatile market, and there’s no peak in sight.
Breaking below 110,000 is not easy; if it really breaks, it could directly drop to over 90,000.
Every time there’s a meeting, it’s easy to drop. Everyone should pay attention to their positions. Focus on the news at 2 AM tonight!
The 10x opportunity has already appeared; I have bottomed out! While you are still doubting its authenticity, I have already gone all in. Although the villa is not yet by the sea, I hope this time it can come true.
