Just finished watching the morning market, $BTC is now stuck around 92100, the atmosphere is quite subtle～ Tonight the Federal Reserve's interest rate decision will be released, and the market has entered a speculative mode in advance, volatility will definitely be high, everyone should not blindly chase highs and cut losses!
Simply put the core logic:
Support is at 90300-90400, the daily EMA convergence zone has held, but the 1-hour is being pressured by the middle band of the Bollinger Bands, and the MACD bears have not cleared, a typical "support below and pressure above";
The strong liquidation of 200 million US dollars in long positions at 2 AM is not a small signal, ETF inflows are weak, and there is no funding push in the short term, making it difficult to sustain an upward attack; 92500 is a key resistance level, and it hasn't stabilized yet and is slowly moving lower, the feeling of weak fluctuations is very obvious.
Here are some practical suggestions for everyone (personal thoughts, not investment advice): Long: wait for the 91000-91500 range, with a stop loss below 90300, target at 92300-92500;
Short: 92500-92800 can try with a small position, stop loss above 93000, target at 91200-91500;
Don't go heavy before the decision! In a fluctuating market, entering at key points is much more reliable than rushing in.
Now just waiting for tonight's "big news", if it breaks the 90300 support, it may need to explore further down; if it stabilizes at 92500, it may be able to fill the gap near 94000. What do you all think? Or which point do you want to wait for, feel free to chat in Li Ge's chat room.
