Bitcoin made a big move last night, with 25,000 BTC withdrawn directly from exchanges in the past 24 hours. This is not a small amount! Moreover, the Federal Reserve's interest rate decision will be announced tonight, and the market has already entered a 'heartbeat mode'. Those holding coins or preparing to buy the dip should get ready; getting these next steps right could lead to a big profit!
News
The great whale escape from the exchanges: over 25,000 BTC net outflow from three major exchanges in one day. What does this indicate? Large holders are moving coins to their wallets, either fearing exchange risks or preparing for a subsequent rise!
The Federal Reserve's stance tonight: the interest rate decision will be announced at 3 AM. The market's expectation for rate cuts has already resolved at 90%, which is basically a done deal, but the fear is that expectations have already been digested, leading to a rate cut followed by a sell-off, which is the worst-case scenario.
Technical analysis
Keep a close eye on the resistance level of 96600: currently, the price is around 92000, and there has just been a pullback of about 1000 points, indicating strong resistance above.
Volume is tightening, waiting for a breakout: from the MACD indicator, trading volume is gradually shrinking, with both bulls and bears on the sidelines, which is typical of 'the calm before the storm.'
Support and resistance: the short-term support zone is between 90000 and 92000. If it breaks below, it may test 85000; if it can stabilize above 96000, it is expected to challenge the 100000 mark.
Tianji's personal opinions and suggestions:
I believe this wave of coin withdrawal is not a coincidence; it is likely that large holders are positioning themselves before the interest rate decision to avoid a liquidity crisis. Technically, the 4-hour line is narrowing into a triangle, and it is highly probable that a strong one-sided trend will occur after the news is released!
Life-saving actions tonight:
If the interest rate decision is dovish, and Bitcoin stabilizes above 95000, you can follow the trend to go long, targeting 100000.
If the interest rate decision is hawkish, reduce positions if it breaks below 90000, and wait to buy back around 85000.
Long-term players hold onto their spot, as this level of coin withdrawal often indicates larger movements to come.
Want to know the specific price point to enter and where to set the stop loss most safely? Tianji Village has already provided reminders, and those who want to follow can become villagers of Tianji!
Countdown to rate cuts, are you ready? Tonight might be the last chance this year to change your fate. Those who recognize Tianji, there is someone in the chat room, let's fight to the end together!
