#期权 Hello everyone, welcome to today’s cryptocurrency market analysis. Today we will focus on the market dynamics of Bitcoin and introduce to you trading plans and strategies suitable for the market in June. #币安
Looking at recent Bitcoin price trends, we see that Bitcoin may be forming a top. However, there are no clear signs of a decline in the market yet. Instead, we see a contracting triangle, which could signal greater price action in the future. 31,000 has not been broken through in May. At the same time, the bottom of 25,500 since March has also formed a strong support, and the M top has not been directly formed. Therefore, when the current contraction trend is formed, whether it is upward or downward , I feel that bigger fluctuations are coming soon.
#期权 Hello everyone, welcome to today’s cryptocurrency market analysis. Today we will focus on the market dynamics of Bitcoin and introduce to you trading plans and strategies suitable for the market in June. #币安
Looking at recent Bitcoin price trends, we see that Bitcoin may be forming a top. However, there are no clear signs of a decline in the market yet. Instead, we see a contracting triangle, which could signal greater price action in the future. 31,000 has not been broken through in May. At the same time, the bottom of 25,500 since March has also formed a strong support, and the M top has not been directly formed. Therefore, when the current contraction trend is formed, whether it is upward or downward , I feel that bigger fluctuations are coming soon.
From a fundamental analysis, the price of Bitcoin and other cryptocurrencies has been affected by a number of macroeconomic factors recently. The Federal Reserve is about to release minutes from its May meeting, and investors are uncertain whether the central bank will pause raising interest rates at its next meeting. About 72% of investors expect the Fed to pause raising interest rates, but this proportion has declined recently. Rapidly rising interest rates over the past year have weighed on cryptocurrencies, including Bitcoin, as high interest rates make riskier assets less attractive. Cryptocurrency gains this year have been largely based on market expectations that the Federal Reserve is about to end raising interest rates.