BTC fluctuations conceal secrets! Driven by both technical and policy dual engines, seize the key points to win the initiative!
BTC current price is $114,183, where technical and news factors intertwine. This article dissects the future trends to help you seize opportunities.
Technical analysis: The 1-hour chart shows BTC fluctuating under the resistance level of $114,450, while the support levels of $113,300 and $112,150 form a defense line. Breaking this watershed may trigger a pullback to $110,766. The BOLL middle track volatility and RSI neutrality indicate no overbought or oversold conditions, while the moving averages clustering suggests a choice of direction.
News perspective: On the policy side, the US SEC is promoting cryptocurrency regulatory reforms, clarifying the principle of “minimal intervention”; the "Cryptocurrency Market Structure Bill" has bipartisan cooperation expectations, and if signed, will provide a regulatory framework; Hong Kong has lifted the ban on cryptocurrency VC. On the institutional side, BlackRock plans to launch a Bitcoin ETF, with Strategy holding over 630,000 BTC at a cost of $73,000; the probability of a Federal Reserve rate cut in September exceeds 90%, and a weakened dollar may drive fund inflows, supporting BTC's scarcity and institutional demand value. On the technical side, XBIT Wallet enhances security, and Ethereum 2.0 upgrades improve transaction speed.
Financial analyst's viewpoint: The “September curse” may be offset by favorable policies and institutional funds. Attention should be paid to the breakthrough of the $114,450 resistance level; if it stabilizes, it may open up an upward trend, while losing the support at $113,300 warrants caution for a pullback.
Will BTC's future breakthrough of resistance levels be affected by the "September curse"?
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