Brothers, pay attention! Bitcoin is staging a $90,000 battle! I am Hongcai, just watching the market and found that BTC has surged again to around 92000, is the expectation of interest rate cuts already overheated?
Message
What is the smart money doing? Whales and institutions are quietly moving Bitcoin off the exchanges as the price drops. What are retail investors doing? Scared off by the volatility, their sentiment has returned to bear market levels.
What to look at next? The Federal Reserve meeting on Wednesday morning! Although everyone expects a rate cut, the specifics from the officials will determine the fate of the year-end market. Before that, the market will be very sensitive.
Technical analysis
$90,000! As long as the 4-hour K-line closes above here, the rebound structure remains intact, the next target is 93,000, followed by 96,000.
If the closing price breaks below 90,000, the short-term bullish pattern will be destroyed, and the market may test support at 87,600 or even 86,000.
The price is oscillating between 91,000 and 92,000, with bulls and bears fiercely contesting this range. MACD shows signs of improvement, but the volume hasn't fully kept up yet.
Hongcai's perspective
My judgment: I tend to believe the bulls can hold above 90,000. The reason is: the big players are bottom-fishing while retail investors are in fear, which is often a typical signal before the market starts. Today, BTC is likely to continue oscillating between 90,000 and 92,500. The real big moves may have to wait until the Federal Reserve's news is released. Remember, before key events, 'not acting' is often the smartest 'move'. However, everything should be based on the closing price, don't make guesses.
Retail investor advice
Set stop-loss orders, hold online, exit if it breaks. It's simple, don't hesitate.
Never chase highs near 92,000! Two safer choices: either wait for a pullback to test with a small position; or wait for a strong closing above pressure before considering it.
Before the Federal Reserve meeting, market volatility will increase, and any sudden rises or drops may be traps. Lower leverage, manage positions, staying alive is more important than making a quick profit.
The crypto world is never short of opportunities, what it lacks is patience and discipline. At the $90,000 mark, every decision you make could determine whether you end the year with a feast or just noodles.
I am Hongcai, follow me, and let's find the true direction in the fluctuations together! Before Thursday's interest rate cut, we rely on cognitive accumulation and patient waiting! Hongcai delivers news and specific operational timing in real-time, rejecting blind following. Follow Hongcai, let's attack rationally together!#美联储重启降息步伐 $BTC
