The impact of news will gradually be repaired

Long-term bulls need not worry about continuing to hold

Short-term stop-loss can be timely without excessive consumption

A simple analysis of the current news

Current price at 110,130, 24-hour decline of 2.57%, mainly affected by Federal Reserve Chairman Powell's hawkish remarks. Although the Federal Reserve lowered interest rates by 25 basis points, Powell clearly stated, "No commitment to continue lowering rates," raising concerns about tightening liquidity. Bitcoin once fell below $108,000, then slightly rebounded to around $110,000;

Trade news after the leaders' meeting briefly disturbed the market, but cryptocurrencies did not follow the stock market's rise, showing relative weakness.

II. Technical Analysis (4-hour chart)

Trend and Support/Resistance:

Short-term in a correction phase, current price close to support level 108,505. If it breaks down, it may test last week's low of 106,600.

Resistance above is concentrated at the 112,000 EMA moving average cluster. A breakthrough is needed to reverse the short-term bearish sentiment, looking further at 116,000.

Volume, Price, and Indicators:

Recent trading volume has decreased, and market activity has declined;

RSI remains in the bearish zone (not oversold), MACD histogram is negative, indicating that bearish strength still prevails, but there are signs of a slight rebound in bullish strength.

Funds and Sentiment

The long-short ratio has risen above 2.0, with an increase in open contracts, indicating that traders are leveraging to bet on a rebound, but short-term selling pressure still exists;

Market sentiment has fallen from "extreme greed" to near "panic," indicating that investor confidence is relatively fragile.

Subsequent Trend Judgment

Short-term (1-3 days): Likely to maintain a range of $108,000-$112,000, need to pay attention to the breakthrough situation at $112,000;

Medium-term (1-2 weeks): If the Federal Reserve policy becomes clear and ETF capital inflows resume, it may rebound to $116,000; if macro sentiment worsens, it may test the $100,000 mark. #美联储降息 $BTC