#BTC Technical Analysis

BTC continues to oscillate upwards in the short term, with the daily K-line short-term moving average MA5 trending upwards, but the medium-term moving average MA30 trending downwards, and the MACD below the zero axis, therefore still leaning towards a bearish medium-term outlook, with a short-term rebound trend.

Next week, the Federal Reserve will announce its interest rate decision, and the market generally expects a 25 basis point rate cut, so BTC is likely to make a surge, with resistance at the previous high of 124474. After reaching a peak, once the positive news is released, a correction will begin.