Morning $BTC market analysis!
Bitcoin BTC: High-level fluctuations, the probability of a second pullback after a rebound is greater. Yesterday, BTC rebounded significantly from 83786, but overall it is still in a high-level fluctuation range.
The bearish trend remains unchanged, and although the bullish potential exists, the overall strategy still leans towards bearish until 85000 is broken.
Currently, the Federal Reserve has paused balance sheet reduction, which means a loosening of the tight market, leading to short-term positive sentiment and liquidity, and the crypto market is expected to rebound.
However, the delayed U.S. economic data and insufficient guidance will lead to greater volatility. More importantly, this may hint at an impending rate cut cycle, and the crypto market may strengthen in advance. The next one to two months are crucial.
